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Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (millions af dallars) roweil rantner Lorporacioni
Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (millions af dallars) roweil rantner Lorporacioni dalance sneets as or uecemper a. (mininy or aollars) shoud be indlicated by a minus sign. a. What was net operating nocking capital for 2020 and 2021 . Assume the firm has no excess cash. 2020: $ 2021: \$ b. What was the 2021 free cash flaw? 5 c. How would you cxplain the Lage irerense in 2021 dividerda7 r. The large ircrease in net irceme from 2020 to 2021 explains the large increese in 2021 dividends. r. The larga Iremaso in EBT from 2020 to 2021 axplains the largn incmaso in 2021 dividende. att. The large Increase in free cash tlaw rom 202a to 2021 explains the srge Increasa in 2021 dvidencis. IW. The kage increase in seles from 2020 to 2021 expleirs the latje increase in 2021 dividends, 2. The large irctease in retained earnings fram 2020 to 2021 explains the large verease in 2021 divitends
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