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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.:

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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) TSL, Inc. 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 ( NWC) ? (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. ( 1 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)

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