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Arlington Corporation's financial statements ( dollars and shares are in millions ) are provided here. Balance Sheets as of December 3 1 2 0 1

Arlington Corporation's financial statements (dollars and shares are in millions) are provided here.
Balance Sheets as of December 31
2018
2017
Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. Round yc
answers to the nearest whole number, if necessary.
a. What was net operating working capital for 2017 and 2018? Assume that all cash is excess cash; i.e., this cash is
needed for operating purposes.
2017$ million
2018$ million
b. What was Arlington's 2018 free cash flow?
$ million
c. Construct Arlington's 2018 statement of stockholders' equity.
Statement of Stockholders' Equity, 2018
e. What was Arlington's MVA at year-end 2018? Assume that its stock price at December 31,2018 was $25. Round your
answer to two decimal places.
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