1. The previous year, ClockWork Pizza had sales of $552,944 and total assets of $437,546. Creekside Pizza has a total assets turnover ratio of 7. ClockWork's managers believe the firm has extra assets that can be sold to bring the total assets turnover ratio down to the level of Creekside, without affecting sales. By how much must assets be reduced to bring the TATO to 7?

2. Calculate how much FCF SalmonMoon generated during the year. Last year, net income was $900, net operating profit after taxes was $750, total assets were $4,000, and total operating capital was $3,010. This year, net income was $1,000, net operating profit after taxes was $975, total assets were $2,600, and Total operating capital was $2,277.