Answer:
Operating Cash Flows = EBIT - Taxes + Depreciation
Operating Cash Flows = $8,105 - $1,423.80 + $2,484
Operating Cash Flows = $9,165.20
Increase in NWC = NWC, 2018 - NWC, 2017
Increase in NWC = (Current Assets, 2018 - Current Liabilities, 2018) - (Current Assets, 2017 - Current Liabilities, 2017)
Increase in NWC = ($44,591 - $8,281) - ($40,588 - $7,943)
Increase in NWC = $3,665
Net Capital Spending = Net Fixed Assets, 2018 + Depreciation, 2018 - Net Fixed Assets, 2017
Net Capital Spending = $77,610 + $2,484 - $72,770
Net Capital Spending = $7,324
Cash Flow from Assets = Operating Cash Flows - Increase in NWC - Net Capital Spending
Cash Flow from Assets = $9,165.20 - $3,665 - $7,324
Cash Flow from Assets = -$1,823.80
Net New Long-term Debt = Long-term Debt, 2018 - Long-term Debt, 2017
Net New Long-term Debt = $35,229 - $29,060
Net New Long-term Debt = $6,169
Cash Flow to Creditors = Interest Expense - Net New Long-term Debt
Cash Flow to Creditors = $1,325 - $6,169
Cash Flow to Creditors = -$4,844
Cash Flow to Stockholders = Cash Flow from Assets - Cash Flow to Creditors
Cash Flow to Stockholders = (-$1,823.80) - (-$4,844)
Cash Flow to Stockholders = $3,020.20
Explanation:
