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The income statement and balance sheet for AVILA, Inc. are provided below. (Note that the reported figures in the statements are expressed in thousands of dollars.) Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets AVILA, INC. Balance Sheets as of December 31, 2020 and 2021 (in 000s) 2020 2021 Assets $100 $175 300 450 530 295 $850 $1,000 $1,000 $1,300 $1,850 $2,300 2020 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock Accumulated retained earnings Total Total liabilities and owners' equity $ 300 $ 500 $ 800 $ $700 $ $ 150 $ $ 200 $ $ 350 $ 2021 430 560 990 800 220 290 510 $1,850 $2,300

AVILA, INC. 2021 Income Statement (in 000s) Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings $ 180 90 tA LA $ LA 1,200 720 50 430 88 342 72 270 Requirement 1: Determine the cash flow from assets (including the operating cash flow, net capital spending, and change in net working capital), cash flow to creditors, and cash flow to stockholders for AVILA, Inc. for the year 2021. (Express your answers in thousands of dollars. Round your answer to the nearest whole dollar amount (e.g., 32). Negative amounts should be indicated by a minus sign.)

Requirement 1: Determine the cash flow from assets (including the operating cash flow, net capital spending, and change in net working capital), cash flow to creditors, and cash flow to stockholders for AVILA, Inc. for the year 2021. (Express your answers in thousands of dollars. Round your answer to the nearest whole dollar amount (e.g., 32). Negative amounts should be indicated by a minus sign.) Operating Cash Flow Net Capital Spending Change in NWC Cash Flow From Assets Cash Flow to Creditors Cash Flow to Stockholders LA Requirement 2: Calculate the internal growth rate and the sustainable growth rate for AVILA, Inc. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places (e.g., 32.16).) Internal Growth Rate Sustainable Growth Rate Requirement 3: Explain the difference in the assumptions underlying the internal and sustainable growth rates.