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Use the following financial information to answer the questions. Assume tax rate is 2 5 % . 2 0 1 7 2 0 1 8

Use the following financial information to answer the questions. Assume tax rate is 25%.
20172018
Sales 30,840
Depreciation 1,900
Cost of Goods Sold 20,240
Interest 1,700
Cash 1,1801,240
Accounts Receivable 2,3002,700
Long Term Debt 4,8005,000
Net Fixed Assets 9,22010,450
Accounts Payable 2,4501,160
Inventory 4,2005,000
Dividends 2,470
Retained Earnings 1,950
4a. Calculate the net capital spending for 2018.
4b. Calculate net working capital spending for 2018.
4c. Calculate OCF for 2018
4d. Calculate Cash Flow from Assets for 2018.
4e. Calculate Cash Flow to Creditors
4f. Calculate Cash Flow to Shareholders.
4g. Prove that the Cash Flow Identity holds (i.e. the Cash Flow equation balances)

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