Digia, Inc. 2021 Income Statement ($ in millions) Net sales $2,395,000 Less: Cost of goods sold 1,495,000 Less: Deprecia

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Digia Inc 2021 Income Statement In Millions Net Sales 2 395 000 Less Cost Of Goods Sold 1 495 000 Less Deprecia 1 (46.7 KiB) Viewed 39 times

Digia, Inc. 2021 Income Statement ($ in millions) Net sales $2,395,000 Less: Cost of goods sold 1,495,000 Less: Depreciation expense 25,000 Less: Other expenses 95.000 Earnings before interest and taxes 780,000 Less: Interest paid 120,000 Taxable income S660,000 Less: Taxes (40%) 264.000 Net income S396,000 Dividends S 316,800 Additions to Retained Earnings $ 79,200 Digia, Inc. 2020 and 2021 Balance Sheets (S in millions) 2020 2021 2020 2021 Cash $ 75,000 $ 71,000 Accounts payable $ 170,000 S141.500 Accounts rec. 125,000 145,000 Notes payable 6.000 6,500 Inventory 155.000 135.000 Total S 176,000 5 148.000 Total S 355,000 S 351.000 Long-term debt 545,000 540,300 Net fixed assets 1.100.000 1.150,500 Common stock 520,700 520,700 Retained earnings 213.300 292,500 Total assets $1.455,000 SL 501.500 Total liab.& equity S1.455.000 S.L.501.500 1. Use the financial statements above for Digia, Inc. and answer the following questions (1) Find Digia's cash flow from assets for 2021 by finding its operating cash flows, net capital spending, change in net working capital. (ii) What are the Digia's cash flow to creditors and cash flow to stockholders? Interpret the positive and negative signs of your results in (i) and (ii).