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You are researching Time Manufacturing and have found the following accounting statement of cash flows for the most recent year. You also know that the

You are researching Time Manufacturing and have found the following accounting statement of cash flows for the most recent year. You also know that the company paid $81 million in current taxes and had an interest expense of $38 million.

TIME MANUFACTURING Statement of Cash Flows ($ in millions)
Operations
Net income $ 187
Depreciation 74
Deferred taxes 11
Changes in assets and liabilities
Accounts receivable 12
Inventories 15
Accounts payable 11
Accrued expenses 6
Other 2
Total cash flow from operations $ 282
Investing activities
Acquisition of fixed assets $ 194
Sale of fixed assets 19
Total cash flow from investing activities $ 175
Financing activities
Retirement of long-term debt $ 145
Proceeds from long-term debt sales 110
Dividends 67
Repurchase of stock 32
Proceeds from new stock issue 39
Total cash flow from financing activities $ 95
Change in cash (on balance sheet) $ 12

1.

Calculate the operating cash flow.

2.

Calculate the capital spending.

3.

Calculate the net working capital cash flow.

4.

Calculate the cash flow to creditors.

5.

Calculate the cash flow to stockholders.

(For all requirements, enter your answer in millions, for example, 10.2 million would be entered as 10.2.)

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