FREE CASH FLOW Arlington Corporation's financial statements (dollars and shares are in millions) are provided her Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents Accounts receivable Inventories $12,000 30,000 29,790 $ 71,790 50,000 $121,790 $11,000 25,000 22,000 $ 58,000 46,000 $104,000 Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable 10,300 7,400 6,500 $ 24,200 10,000 $34,200 50,000 37,590 87,590 $121,790 $ 9,000 5,000 5,350 $19,350 10,000 29,350 50,000 24,650 $ 74,650 $104,000 Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings Common equity Total liabilities and equity