3) Given the financial statements for Vital, Inc. below, answer the following questions:

a) (4 marks) Find the Operating Cash Flow in 2019.

b) (5 marks) How much was paid in dividends in 2019?

c) (10 marks) Find the Cash Flow from Assets in 2019. Explain the signs for each of the three components of the Cash Flow from Assets and their impact on the Cash Flow from Assets.

Vital, Inc. 2019 statement of comprehensive income ($ in millions)

Net sales 9610

(-) Cost of goods sold 6310

(-) Depreciation 1370

(=) EBIT 1930

(-) Interest paid 630

(=) Taxable income 1300

(-) Taxes 455

Net income 845

Vital, Inc. 2018 and 2019 Statement of Financial Positions ($ in millions)

2018 2019 2018 2019

Cash 310 405 Accounts payable 2720 2570

Accounts rec. 2640 3055 Notes payable 100 0

Inventory 3275 3850 Total 2820 2570

Total 6225 7310 Long-term debt 7875 8100

Net fixed assets 10960 10670 Common stock 5000 5250

Retained earnings 1490 2060

Total assets 17185 17980 Total liab. & equity 17185 17980

Please give detail of the solution way with formulas or calculator keys, not excel way. Thanks!