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 1.950.0 1.700.0 EBITDA $650.0 $300.0 Depreciation and amortization 66.0 60.0 Earnings before interest and taxes (EBIT) $584.0 $240.0 Interest 57.0 44.0 Earnings before taxes (EBT) $527.0 $196.0 Taxes (40%) 210.8 Z84 Net income $316.2 $117.6 Common dividends $285.0 $94.0 Powell Panther Corporation: Balance sheets as of December 31 (Millions of Dollars) 2016 2015 Assets Cash and equivalents $31.0 $26.0 Accounts receivable 286.0 260.0 Inventories 4940 3800 Ask me anything