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Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Arlington Corporation's financial statements (dollars and shares are in millions) are provided
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here.
Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. 2018 Income Statement for Year Ending December 31, 2019 Balance Sheets as of December 31 2019 Assets Cash and equivalents $ 13,000 Accounts receivable 30,000 Inventories 27,290 Total current assets $ 70,290 Net plant and equipment 46,000 Total assets $116,290 $ 11,000 29,000 22,000 $ 62,000 45,000 $107,000 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation & amortization EBIT Interest EBT Taxes (25%) Net income Dividends paid $213,000 170,000 $43,000 3,000 $40,000 650 $39,350 9,837.50 $29.512.50 18,922.50 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings Common equity Total liabilities and equity $ 10,500 7,000 6,500 $ 24,000 20,000 $ 44,000 40,000 32,290 $ 72,290 $116,290 $ 9,200 6,000 5,050 $ 20,250 20,000 $ 40,250 40,000 22,450 $ 62,450 $102,700 What was Arlington's 2019 free cash flow? You are given that the firm's change in net operating working capital is ANOWC = $3,990. Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. Round your answers to the nearest whole number, if necessaryStep by Step Solution
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