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Chapter 3 HW Problem 3-17 FREE CASH FLOW Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income statements for Year Ending

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Chapter 3 HW Problem 3-17 FREE CASH FLOW Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income statements for Year Ending December 31 (Millions of Dollars) 2016 2015 Sales $2,600.0 $2,000.0 Operating costs excluding depreciation and amortization 1950.0 1700.0 $650.0 $300.0 on and amortization Earnings before interest and taxes (EBIT) 65.0 60.0 $584.0 $240.0 Earnings before taxes (EBT) 44.0 $527.0 $196.0 Taxes (40%) 210.8 Z84 $316.2 $117.6 Common dividends Powell $285.0 $94.0 Panther corporation: Balance Sheets of December 31 (Millions of Dollars) as 2016 2015

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