1. Arredondo, Inc., has current assets of $1100, net fixed assets of $11500, current liabilities of $190, and long-term debt of $2330. What is the value of the shareholders’ equity account for this firm?

2. Arredondo, Inc., has current assets of $2780, net fixed assets of $6900, current liabilities of $4180, and long-term debt of $8820. How much is net working capital?

3. Hammett, Inc., has sales of $71100, costs of $33900, depreciation expense of $6300, and interest expense of $1350. If the tax rate is 31 percent, what is the operating cash flow, or OCF?