pending=$45,000=OCF–(–$55,000)–1,300,000Operatingcashflow=$45,000–55,000+1,300,000Operatingcashflow=$1,290,000CHAPTER2-9Intermediate14.TofindtheOCF,e.eStatementSales$235,000Costs141,000Otherexpenses7,900Depreciation17,300EBIT$68,800Interest12,e$55,900Taxes19,e$36,335Dividends$12,300AdditionstoRE$24,035a.OCF=EBIT+Depreciation–Taxes=$68,800+17,300–19,565=$66,535b.CFC=newLTD=$12,900–(–4,500)=$17,newlong-panyrepaidpartofitslong-termdebt.c.CFS=newequity=$12,300–6,100=$6,200d.WeknowthatCFA=CFC+CFS,so:CFA=$17,400+6,200=$23,capitalspending–ChangeinNWC.capitalspending=IncreaseinNFA+Depreciation=$25,000+17,300=$42,300Nowwecanuse:CFA=capitalspending–ChangeinNWC$23,600=$66,535–42,300–hangeinNWC=$panyincreaseditsNWCby$635.15.estatementbackwards.e=Dividends+Additiontoretainedearnings=$1,800+5,300=$7,100
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