Lincoln Company owns no plant assets and reported the following income statement for the current year:

Additional balance sheet information about the company follows:

Use the information to

a. calculate the net cash flow from operating activities under the indirect method.

b. compute its operating cash flow to current liabilities (OCFCL) ratio. (Assume current liabilities consist of accounts payable and wages payable.)

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Sales..... $750,000 Cost of goods sold. Wages expense. Rent expense. Insurance expense. $470,000 110,000 42,000 15,000 637,000 Net income.. $113,000 ....