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

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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 $1,950$

$4$a$.$ Calculate the net capital spending for $2018.$

$4$b$.$ Calculate net working capital spending for $2018.$

$4$c$.$ Calculate OCF for $2018$

$4$d$.$ Calculate Cash Flow from Assets for $2018.$

$4$e$.$ Calculate Cash Flow to Creditors

$4$f$.$ Calculate Cash Flow to Shareholders.

$4$g$.$ Prove that the Cash Flow Identity holds $($i$.$e$.$ the Cash Flow equation balances$)$