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Balance Sheets as of December 31 2019 2018 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $

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Balance Sheets as of December 31 2019 2018 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $ 13,000 35,000 34,625 $ 82,625 49,000 $131,625 $ 12,000 30,000 26,000 $ 68,000 48,000 $116,000 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 $ 10,100 7,900 6,600 $ 24,600 10,000 $ 34,600 60,000 37,025 $ 97,025 $131,625 $ 9,500 6,000 5,500 $ 21,000 10,000 $ 31,000 60,000 25,000 $ 85,000 $116,000 Income Statement for Year Ending December 31, 2019 Sales $243,000 Operating costs excluding depreciation and amortization 190,000 EBITDA $ 53,000 Depreciation & amortization 8,000 EBIT $ 45,000 Interest 7,050 EBT $ 37,950 Taxes (25%) 9,487.50 Net income Dividends paid 28,462.50 16,437.50 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 necessary. 3. What was niet operating working capital for 2015 and 2019? Assume that all cash is excess cash; Le this cash is not needed for operating purposes 20185 million 20195 million b. What was Arlington's 2019 free cash flow 5 million c. Construct Arlington's 2019 statement of stockholders' equity Statement of Stockholders' Equity, 2019 Common Stock Retained Shares Amount Earnings Balances, 12/31/18 million million 5 million 2019 Net Income million Cash Dividende Addition to retained ning Balances, 12/31/19 million 5 milion million d. What was Arlington's 2019 EVA? Assume that its after tax cost of capital 10%. Round your answer to the nearest cont $ Total Stockholders Equity 5 $ million . What was Abington's MVA at year end 2019? Assume that is stock price at December 31, 2019 w $25. Round your answer to the nearestent mullion

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