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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

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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 company paid $99.6 million in current taxes and had an interest expense of $49.6 million. TIME MANUFACTURING Statement of Cash Flows ($ in millions) $ 189.0 95.6 20.6 Operations Net income Depreciation Deferred taxes Changes in assets and liabilities Accounts receivable Inventories Accounts payable Accrued expenses Other -19.6 23.6 18.6 -10.6 4.6 Total cash flow from operations $ 321.8 Investing activities Acquisition of fixed assets Sale of fixed assets -$ 199.0 24.6 Total cash flow from investing activities -$ 174.4 -$ Financing activities Retirement of long-term debt Proceeds from long-term debt sales Dividends Repurchase of stock Proceeds from new stock issue 178.0 135.0 -102.0 -29.0 60.0 Total cash flow from financing activities $ 114.0 Change in cash (on balance sheet) $ 33.4 1. Calculate the operating cash flow. (Do not round intermediate calculations. Enter your answer in millions, for example, 10.2 million would be entered as 10.2. A negative answer should be indicated by a minus sign.) Operating cash flow $ 2. Calculate the capital spending. (Do not round intermediate calculations. Enter your answer in millions, for example, 10.2 million would be entered as 10.2. A negative answer should be indicated by a minus sign.) Capital spending $ 3. Calculate the net working capital cash flow. (Do not round intermediate calculations. Enter your answer in millions, for example, 10.2 million would be entered as 10.2. A negative answer should be indicated by a minus sign.) Net working capital cash flow $ 4. Calculate the cash flow to creditors. (Do not round intermediate calculations. Enter your answer in millions, for example, 10.2 million would be entered as 10.2. A negative answer should be indicated by a minus sign.) Cash flow to creditors $ 5. Calculate the cash flow to stockholders. (Do not round intermediate calculations. Enter your answer in millions, for example, 10.2 million would be entered as 10.2. A negative answer should be indicated by a minus sign.) Cash flow to stockholders

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