Based on the following balance sheet and income statements provided, please calculate within the period of 2018.

a. OCF (Operating Cash flow), assuming a 35.85% tax rate

b. (tax/EBIT=599/1671=0.3585).

c. FA = changes in gross fixed assets.

d. CA= changes in current assets.

e. A/P= changes in accounts payable.

f. accruals = change in accrued liabilities; specifically, accrued expenses

g. FCF (Free Cash Flow). (calculate after all others are completed)

Hint: FCF = OCF FA (CA A/P accruals) where OCF = [EBIT(1 T) ]+Depreciation

Balance sheets at December 31, 2017 and 2018 ($ in millions)

*Assume that the change of intangible assets is resulted from the adjustment of their market value, which does not affect cash level.

Income statements for the years ended December 31, 2017, and 2018 ($ in millions)