Sales 2,980,000.

00
Cost of goods sold 1,295,000.00
Administrative 530,000.00
Depreciation 420,000.00
EBIT 735,000.00
Less: Interest 45,000.00
Taxable income 690,000.00
Less: Tax (30%) 207,000.00
Net income 483,000.00

OCF = EBIT + Depreciation - Taxes

OCF = 735,000 + 420,000 - 207,000
OCF = 948,000
Sales 28,476.00
Less COGS and admin 20,136.00
Depreciation 3,408.00
EBIT 4,932.00
Less Interest 497.00
Taxable income 4,435.00
Less Tax (20%) 887.00
Net income 3,548.00 A

OCF = EBIT + Depreciation - Taxes

OCF = 4,932 + 3,408 - 887
OCF = 7,453 B

CFA = OCF - Net capital spending - Change in net working capital

CFA = 7,453 - 6,144 - 835
CFA = P474 C Change in net working capital

CFA = CFC +CFS Ending balance

Beginning Balance
CFC = Interest paid - Net new borrowings Change in net working capital
CFC = 497 - 0
CFC = 497 D Net capital spending ( Net fixed assets)

CFA = CFC + CFS

474 = 497 - 23
CFS = -23 E

Net new equity

CFS = Dividends paid - Net new equity
-23 = 739 - X Ending balance + Depreciation - Beginning bala
X = 739 + 23
X = 762
n net working capital

Current Assets Current Liab Net work cap

4,234.00 2,981.00 1,253.00
3,528.00 3,110.00 418.00
n net working capital 835.00

al spending ( Net fixed assets)

Net Fixed Assets

19,872.00 3,408.00
6,144.00

22,608.00

alance + Depreciation - Beginning balance = Net capital spending

Sales 40,664.00
Less COS and admin 20,393.00
Depreciation 3,434.00
EBIT 16,837.00
Less Interest 937.00
Taxable income 15,900.00
Less Tax (20%) 3,180.00
Net income 12,720.00

OCF = EBIT + Depreciation - Tax

OCF = 16,837 + 3,434 - 3,180 CA CL
OCF = P17,091 A 2020 2,881.00 1,726.00
2019 2,718.00 1,174.00
CFA = OCF - NCS - CNWC Change
CFA = 17,091 - 4,007 + 389
CFA = 13,473 B
Net Fixed Assets
CFC = Interest paid - Net new borrowings 12,602.00 3,434.00
CFC = 937 - 5,810 4,007.00
CFC = -4,873 C
13,175.00

Long term debt 2019; P6,873 and 2020; P12,683

Common stock 2019; P8,590 and 2020; P18,190

CFS = Dividends paid - Net new equity Net new borrowings = 12,683- 6,873
CFS = 1000 - 9600 5,810.00
CFS = -8,600
Net new equity = 18,190 - 8,590
9,600.00

CFA = CFC + CFS

13,473 = 4,873 + 8,600
13,473 = 13,473
 NWC
1,155.00
1,544.00
- 389.00