Homework Answers
Cash flow from Assets = OCF - Capital Spending - Additions to NWC
= (EBIT + Depreciation - Taxes) - ( Ending Net Fixed Assets- Beginning Net Fixed Assets+ Depreciation) - ( Ending NWC - Beginning NWC)
= (18798-6741-1183-2494+2494-0)-(77640-72792+2494)-(9277+13512+21872-1651-6670-(8681+11498+20441-6275-1684))
= 10874-7342-3679
= -147.00
Cash flow to Creditors = Interest - Net new Borrowings
= Interest - (Ending long term Debt - Beginning long term Debt)
= 1330 - (35254-29090)
= 1330-6164
= -4834.00
Cash flow from Assets = Cash flow to Creditors + Cash flow to Stockholders
-147 = -4834 + Cash flow to Stockholders
Cash flow to Stockholders = -147+4834
= 4687.00
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