Please solve all. all one problem
Balance Sheets as of December 31 2019 2018 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $ 15,000 35,000 34,660 $ 84,660 50,000 $134,660 $ 13,000 30,000 29,000 $ 72,000 45,000 $117,000 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings Common equity Total liabilities equity $ 10,800 7,500 6,400 $ 24,700 10,000 $ 34,700 60,000 39,960 $ 99,960 $134,660 $ 9,000 7,000 5,350 $ 21,350 10,000 $ 31,350 60,000 25,650 $ 85,650 $117,000 Income Statement for Year Ending December 31, 2019 Sales $239,000 Operating costs excluding depreciation and amortization 190,000 EBITDA $ 49,000 Depreciation & amortization 8,000 EBIT $ 41,000 Interest 5,700 EBT $ 35,300 Taxes (25%) 8,825.00 Net income $ 26,475.00 Dividends pald 12,165.00 Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. Round your answers to the nearest whole number, if necessary a. What was net operating working capital for 2018 and 2019? Assume that all cash is excess cash; i.e., this cash is not needed for operating purposes. 2018$ 2019$ million million b. What was Arlington's 2019 free cash flow? $ million c. Construct Arlington's 2019 statement of stockholders' equity. Statement of Stockholders' Equity, 2019 Common Stock Retained Total Stockholders' Shares Amount Earnings Equity Balances, 12/31/18 million $ million million $ million 2019 Net Income million Cash Dividends million Addition to retained earnings million Balances, 12/31/19 million $ million $ milljon $ million d. What was Arlington's 2019 EVA? Assume that its after-tax cost of capital is 10%. Round your answer to the nearest cent. million e. What was Arlington's MVA at year-end 20197 Assume that its stock price at December 31, 2019 was $25. Round your answer to the nearest cent. million $ $