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I need this answer very quickly. If you answer fast I'll give thumbs up. Thank you Powell Panther Corporation: Income Statements for Year Ending December
I need this answer very quickly. If you answer fast I'll give thumbs up. Thank youPowell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2014 2013 $1,000.0 850.0 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 $1,200.0 1,020.0 $ 180.0 30.0 $ 150.0 21.7 $ 128,3 51.3 $ 77.0 $ 150.0 25.0 $ 125.0 20.2 $ 104.8 41.9 62.9 Common dividends $ 60.5 46.4 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2014 2013 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets S 12.0 180.0 180.0 $372.0 300.0 $672.0 S 10.0 150.0 200.0 5360.0 250.0 $610.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2014 2013 $ 90.0 60.0 515 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (50 million shares) Retained earnings Common equity Total liabilities and equity $201.5 150.0 $100.0 72.0 67.0 $247.0 150.0 $3970 50.0 225.0 $275.0 $6720 $351.5 50.0 208.5 S258.5 5610.0 a. What was Powell Panther Corparation's (Balance sheet and Income Statement are given above) net operating working capital for 2013 and 2014? (10 Points) b. What was Powell Panther Corparation, the 2014 free cash flow? (20 Points) c. How much of the FCF did Powell Panther Corparation's use for each of the following purposes: after-tax interest, nei debt repayments, dividends, net stock repurchases, and net purchases of short-term investments? (20 Points) (Show your solutions step by step)
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