Please use this balance sheet to answer these questions. Thank you so much!

13. Which of the two risks above can we diversify away?

14. What is the amount of Operating Cash Flow?

15. What is the change in Net Working Capital?

16. What was the amount of Net Capital Spending?

17. What is the total dollar amount of non-cash item(s) on the Income Statement for 2019?

18. What was the Cash Flow from Assets (Free Cash Flow)? Please show your work.

Assets 2018 2019 Liabilities and Shareholders Equity 2018 2019 Current Assets Current Liabilities Accounts Payable Notes Payable 8,241 6,962 9,448 4,369 Cash Accounts Receivable Inventory Total 3,694 16,162 19,643 39,498 5,683 24,438 19,714 49,835 Total 15,203 13,817 Long Term Debt 14,492 16,126 Fixed Assets Net Plant and Equipment 58,395 60,704 Shareholder's Equity Common Stock and Paid-in Surplus Retained Earnings Total 21,312 46,886 68,198 22,733 57,862 80,595 Total Assets 97,893 110,538 Total Liabilities and Shareholder's Equity 97,893 110,538 2019 Income Statement Net Sales Cost of Goods Sold (COGS) Depreciation Earnings Before Interest and Taxes (EBIT) Interest Paid Taxable income Taxes (34%) Net Income 53,600 26,640 2,309 24,651 2,486 22,164 7,536 14,629 3,659 10,970 $ Dividends Addition to Retained Earnings