Powell Panther Corporation: Balance Sheets as of December 31 (millions of dollars) Powell Panther Corporation: Balance Sheets as of December 31 (millions of dollars) Write out your answers campletely. For example, 25 milion should be entered as 25,000,000, flound your answers to the nearest dolsar, if necessary, Negative values, if any, should be indicated by a minus sign. a. What was net operating working copital for 2020 and 20217 Assume the firm has no excess cash. 2020:5 Ch.03-Assienment-Financial Statements, Cash, Flow, and Taxes Write out your answers completely. For examplo, 25 milten should be entered as 25,000,000. Round your answers to the nearest dollac, if neceessary, Negative values, if any, should be indicated by s migus sign. a. What was net operating working capital fer 2020 and 20217 . Assume the firm has no ercess cash. 202015 202115 b. What was the 2021 fren cath faw? 5 c. How would you explain the large increase in 2021 dividends? 1. The targe increase in net income from 2020 to 2021 explains the iarge increase in 2021 dividends. II. The targe increase in EAIT from 2020 to 2021 explains the large increase in 2021 dividends. II. The large inctease in tree cash flow 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 earnings from 2020 to 2021 explains the large increase in 2021 dividends