\begin{tabular}{|l|r|r|r|r|} \hline Pettijohn Inc. & \\ \hline Balance Sheet (Millions of \$) & 2017 & \\ \hline Assets & 2016 \\ \hline Cash and securities & 390 \\ \hline Accounts recelvable & 7,530 & 6,940 & 10,980 & 9,570 \\ \hline Inventories & 18,754 & 16,900 \\ \hline Total current assets & 18,990 & 18,230 \\ \hline Net plant and equipment & 35,130 \\ \hline Total assets & 36,744 & 34 & \\ \hline \end{tabular} Liabilities and Equity Accounts payable Notes payable \begin{tabular}{r|r} \hline 6,990 & 6,850 \\ \hline 5,320 & 5,900 \\ \hline \end{tabular} Accruals Total current liabilities Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equily Income Statement (Millions of \$) Net sales Operating costs except depr'n Depreciation Earnings before interest and taxes (EBIT) \begin{tabular}{|l|r|r|} \hline Less interest & 508 \\ \hline Earnings before taxes (EBT) & 2,821 \\ \hline Taxes & 987 \\ \hline Net income & 1,834 \\ \hline \end{tabular} Other data: Shares outstanding (millions) Common dividends (millions) Interest rate on notes payable \& L-T bonds Federal plus state income tax rate Year-end stock price Tax rate WACC Industry Question \#1 average \begin{tabular}{|r|l|l|l|} \hline 5 & What is the firm's NCF? & & \\ \hline 6 & What is the firm's FCF? & \\ \hline 7 & What is the firm's ROIC? & & \\ \hline 8 & What is the firm's MVA? & & \\ \hline \end{tabular} Question \#3 Sheet2 Ready