Please show your work!

Please write a separate paragraph to explain your answer to each of the following questions.

Consider the information below from a firm's balance sheet for 2012 and 2013.

Current Assets 2012 2013 Change

Cash and Equivalents $1,561 $1,800 -$ 239

Short-Term Investments $1,052 $3,010 -$ 1,958

Accounts Receivable $3,616 $3,129 $ 487

Inventories $1,816 $1,543 $ 273

Other Current Assets $ 707 $ 601 $ 106

Total Current Assets $8,752 $10,083 -$1,331

Current Liabilities

Accounts Payable $5,173 $5,111 $ 62

Short-Term Debt $ 288 $ 277 $ 11

Other Current Liabilities $1,401 $1,098 $ 303

Total Current Liabilities $6,862 $6,486 $ 376

a) What is the Net Working Capital for 2013? What is it for 2012?

b) What is the Change in Net Working Capital (NWC)?

c) Assuming the Operating Cash Flows (OCF) are $7,155 and the Net Capital Spending (NCS) is $2,372,

what is the Cash Flow from Assets?

d) Why is an understanding of cash flow so important in the study of finance?