You are required to show your work. Providing answers alone will not get you full credit. Consider the following abbreviated financial statements for TSL., Inc.: TSL., Inc. Balance Sheets as of December 31, 2020 and 2021 (S in thousands) Current assets Net fixed assets 2020 2021 $15,750 $19,800 13,950 15,300 Current liabilities Total assets $29,700 $35,100 TSL, Inc. 2021 Income Statement Long-term debt Common stock Retained earnings Total liabilities and shareholders' equity, 2020 2021 $5,400 $6,750 9,775 10,000 13,400 13,700 4,650 1,125 $29,700 $35,100 (S in thousands) Sales $45,000 Cost of goods sold 34,200 Depreciation 1,800 Earnings before interest and taxes $9,000 Interest paid 1,575 Taxable income $7,425 Taxes 1,350 Net income $6,075 Dividends - $2,550 1. What is the 2021 operating cash flow (OCF)? (3 marks) 2. What is the 2021 net capital spending (NCS)? (3 marks) 3. What is the 2021 change in net working capital (ANWC)? (3 marks) 4. What is the 2021 cash flow from assets (CFFA)? (3 marks) 5. What is the 2021 cash flow to creditors (CF/CR)? (3 marks) 6. What is the 2021 cash flow to stockholders (CF/SH)? (3 marks) 7. Verify that the cash flow identity holds. (I mark) 8. What is the 2021 Net profit margin? (3 marks) 9. What is the 2021 Asset turnover? (3 marks) 10. What is the 2021 Equity multiplier? (3 marks) 11. Use the Du Pont identity to calculate the 2021 return on equity. (2 marks)