During the year the firm issued 20000 in net new equity and


1. National Importers paid $38,600 in dividends and $24,615 in interest over the past year while net working capital increased from $15,506 to $17,411. The company purchased $38,700 in net new fixed assets and had depreciation expenses of $14,784. During the year, the firm issued $20,000 in net new equity and paid off $23,800 in long-term debt. What is the amount of the cash flow from assets?

Please show work and explain.

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Finance Basics: During the year the firm issued 20000 in net new equity and
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