A company has the following data relating to its last 2 years of operations:

Selected balance sheet data

2021 2020

Cash and cash equivalents 2,300 2,700

Accounts receivable 7,000 8,500

Inventory 13,000 12,100

Prepaid expenses 500 700

Accounts payable 5,000 6,000

Accrued expenses 1,100 900

Deferred taxes 2,100 1,700

Investments 2,000 8,000

PPE 16,000 15,000

Accumulated depreciation, PPE 11,000 9,000

Intangible assets 5,000 5,700

Selected income statement data

Earnings before interest, taxes,

depreciation, and amortization

(EBITDA) 17,700

Depreciation 2,000

Amortization of intangibles 700

Operating profit 15,000

Gain on sale of investments 5,000

Interest expense 1,200

Income before taxes 18,800

Taxes 3,700

Net income 15,100

Additional Information:

Question: If you are asked to prepare a financial cash flow statement:

a.. What would be your investment in net operating working capital (Investment in NOWC)? Show calculations.

b. What would be your investment in operating long-term assets (Investment in OLTA) or capital expenditure? Show calculations.

c. If you are asked to prepare an accounting cash flow statement: What would be your operating cash flow? Show calculations.