please answer b and c

Powell Panther Corporation: Income Statements for Year Ending December 31 (millions of dollars) Vrite out your answers completely. For exomple, 25 milion should be entered as 25,000,000. Round your answers to the nearest dollar, if necessary. Iegative values, if any, should be indieated by a minus sign. a. What was net opecating working capltal for 2020 and 2021 ? Assume the firm has no excess casth. 2020:5 2021:5 b. What was the 2021 free cash how? c. How would you explain the large increase in 2021 dividends? 1. The large increase in net income from 2020 to 2021 explains the large increase in 2021 dividends. II. The large increase in free cash flow from 2020 to 2021 explains the large increase in 2021 dividends III. The large increase in EBIT from 2020 to 2021 explains the Large increase in 2021 dividends. IV. The large increase in sales from 2020 to 2021 explains the large increase in 2021 dividends. V. The large increase in retained eamings from 2020 to 2021 explains the large increase in 2021 dividends: Write out your answers completely, For example, 25 milton should be entered as 25,000,000. Round your answers to the neareit doltar, if necessary. Negative values, if any, should be indicated by a minus sign. a. What was net operating working capital for 2020 and 20217 Assume the firm has no excess cash