I need help answering A,B,&C please.
LE eBook Financial information for Powell Panther Corporation is shown below! Powell Panther Corporation Income Statements for Year Ending December 31 (Millions of Dollars) 2019 2018 Sales $1,690.0 $1,300.0 Operating costs excluding depreciation and amortization 1.310 L.105.0 EBITDA $ 296.0 $195.0 Deprecation and amortization 39.0 310 Earnings before interest and taxes (EBIT) $ 257.0 $164.0 Interest 37.2 Earnings before taxes (CBT) $ 219,8 $ 135.4 Taxes (25%) 879 Net income $ 131.9 $ 81.2 Common dividends $ 118,7 $ 65.0 Powell Panther Corporation Balance Sheets as of December 31 (Millions of Dollars) 2019 2015 Assets Cash and equivalents $ 14.0 $13.0 Accounts receivable 234.0 195.0 Inventories 234.0 Total current assets $552.0 $442.0 Net plant and equipment 399.0 312.0 Total assets $942.0 $754.0 Labies and Equity $110.0 Accounts payable $91.0 Accruals 129.0 117.0 Notes payable 26.9 Total current liabilities $280.6 $234.0 Long-term bonds 260.0 $618.8 Total abilities $494.0 205.7 Common stock 235.7 Retained earning 37,5 Common equy 5:232 $260.0 Total abilities and out 5942.0 Write out your answers completely. For example, 25 million should be entered as 25,000,000. Round your answers to the nearest dolas if necessary. Neve values, any should be indicated by a $7540 a. What was net operating working capital for 2018 and 20197 Acume the firm has no excess cash. 201815 2019 b. What was the 2019 free cash flow? Powell Panther Corporation Balance Sheets as of December 31 (Millions of dollars) 2019 2010 Assets Cash and equivalents $ 14.0 $ 13.0 Accounts receivable 234.0 195.0 Inventories 304.0 234.0 Total current assets $552.0 $442.0 Net plant and equipment 390.0 312.0 Total assets $942.0 $ 754.0 Labieties and Equity Accounts payable $118.0 $ 91.0 Accruals 129.0 117.0 Notes payable 33.8 26.0 Total current liabilities $280.8 $234.0 Long-term bonds 260.0 Total liabilities $618.0 $494.0 Common stock 285.7 2:35.7 Retained earnings 37.3 243 Common equity $323.2 $200.0 Total habites and equity $942.0 $754.0 Write out your answers completely. For example, 25 million should be entered as 25,000,000. Round your awer to the rest dollery, Negative values, if any, should be indicated by a minus sign. What was net operating working capital for 2018 and 2019? Assume the firm has no ex cash 2018: $ 2019: $ b. What was the 2019 free cash flow? $ c. How would you explain the large increase in 2019 dividends? 1. The large increase in net income from 2018 to 2019 explains the large increase in 2016 dividends. 11. The large increase in free cash flow from 2018 to 2019 explains the large increase in 2019 dividende 111. The large increase in EBIT from 2018 to 2019 explains the large increase in 2019 dividends, IV. The large increase in sales from 2018 to 2019 explains the large increase in 2019 dividends. The large increase in retained earnings from 2015 to 2019 explains the large increase in 2019 dividends. Olon Ky o *
