Homework Answers
19: Option 4
Cash flow from assets = CF to creditors+ CF to stockholders
= 3000+1500 = 4500
CF from assets = Operating CF – Capital expenditure- Additions to NWC
4500=6500-1400- Additions to NWC
Additions to NWC= 5100-4500=600
20: Option 1
Year end balance = opening balance+net Income-Dividend
= 750+320-200
= 870
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