Hello, I need help with my assignment. The name of the name is called Corporate Finance. The details of the questions and requirements are all in the files. Please have a close look. Thank you.

Concept Questions 1. What is operating cash flow? In comparing accounting net income and operating cash flow, name two items you typically find in net income that are not in operating cash flow. Explain what each is and why it is excluded in operating cash flow. (100 words) 2. Why might the revenue and cost figures shown on a standard income statement not be representative of the actual cash inflows and outflows that occurred during a period? (80 words) 3. Could a company's change in NWC be negative in a given year? (Hint: Yes.) Explain how this might come about. What about net capital spending? (80 words) Calculation Questions 1. Volbeat Corp. shows the following information on its 2015 income statement: sales = $267,000; costs = $148,000; other expenses = $8,200; depreciation expense = $17,600; interest expense = $12,400; taxes = $32,620; dividends = $15,500. In addition, you're told that the firm issued $6,400 in new equity during 2015 and redeemed $4,900 in outstanding long-term debt. a. What is the 2015 operating cash flow? b. What is the 2015 cash flow to creditors? c. What is the 2015 cash flow to stockholders? d. If net fixed assets increased by $25,000 during the year, what was the addition to NWC? 2. Consider the following abbreviated financial statements for Parrothead Enterprises: a. What is owners' equity for 2014 and 2015? b. What is the change in net working capital for 2015? c. In 2015, Parrothead Enterprises purchased $2,080 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? What is the cash flow from assets for the year? (The tax rate is 35 percent.) d. During 2015, Parrothead Enterprises raised $420 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? What is the cash flow to creditors? 3. Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. Calculate the following financial ratios for each year: a. Current ratio. b. Quick ratio. c. Cash ratio. d. NWC to total assets ratio. e. Debt-equity ratio and equity multiplier. f. Total debt ratio and long-term debt ratio. (End of Assignment 1) Note: Please submit your assignment in a MS word document. Do not just submit an Excel working file. \fIncome Statement Sales Costs depreciation Other expenses EBIT interest Taxable income Taxes (34%) Net income Dividends Addition to RE a. b. c. d. Also, so, 267000 148000 17600 8200 93200 12400 80800 32620 48180 15500 32680 OCF = 78180 CF2Cr = -17300 CF2Sh = 9100 CFFA = 26400 CFFA = OCF - NCS - change in NWC 26400 = 78180 - (17600+25000) - change in NWC Change in NWC = 9180 10914