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Complete a cash flow statement using the information above FREE CASH FLOW Financial information for Powell Panther Corporation is shown here Powell Panther Corporation: Income

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Complete a cash flow statement using the information above

FREE CASH FLOW Financial information for Powell Panther Corporation is shown here Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2016 $1,2000 10200 1800 300 1500 21.7 1283 513 770 2015 $1,0000 8500 1500 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation & amortization Earnings before interest and taxes (EBIT) Interest Earnings before taxes (EBT) Taxes (40%) Net income 25 125.0 202 1048 419 62.9 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2016 2015 Assets Cash and equivalents Accounts receivable 120 1800 1800 $372.0 3000 $672.0 100 1500 2000 3600 2500 6100 Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable $108.0 72.0 670 $2470 1500 $3970 500 225.0 750 72.0 900 600 515 $2015 1500 3515 500 208.5 2585 100 Total current liabilities Long-term bonds Total liabilities Common stock (50 million shares) Retained earnings Common equity Total liabilities and equity

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