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Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. Q. Sales for 2021 were $448,150,000, and EBITDA was 14% of sales.

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Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. Q. Sales for 2021 were $448,150,000, and EBITDA was 14% of sales. Furthermore, depreciation and amortization were 18% of net fixed assets, Interest was $8,802,000, the corporate tax rate was 25%, and Laho pays 47.25% of its net income as dividends. Given this information, construct the firm's 2021 income staternent. Laiho Industriest Income Statement for Year Ending December 31, 2021 (thousands of dollars) Laiho Industries: Statement of Cash Flows for 2021 (thousands of dollars) c. Calculate 2020 and 2021 net operating working capital (NOWC) and 2021 free cash flow (FCF). Assume the firm has no excess cash. NOWC 2020i$ thousand NOWC 2021:$ thousand FCF2021:$ thousand

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