1. A firm has $450 in inventory, $700 in plant and equipment, $250 in accounts receivable, $50 in accounts payable, and $25 in cash. What is the amount of the total current assets?

2. Your firm has total sales of $1,200. Total costs are $710 and depreciation is $140. Interest expense is $100. The tax rate is 30%. What is the cash flow from operating activity (CFOA)?