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Powell Panther Corporation: Balance Sheets as of December 31 (millions of dollars) indicated by a minus sign. a. What was net operating working capital for

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Powell Panther Corporation: Balance Sheets as of December 31 (millions of dollars) indicated by a minus sign. a. What was net operating working capital for 2020 and 2021? Assume the firm has no excass c 2020:5 c. How would you explain the large increase in 2021 dividends? 1. The larbe increase in net income from 2020 to 2021 explains the large increate in 2021 dividends. 11. The large increase in free cash flow from 2020 to 2021 explains the large increase in 2021 dividends. 111. The large increase in LEIT from 2020 to 2021 explains the larye increase in 2021 dividends. IV. The large increase in sales from 2020 to 2021 expleins the large increase in 2021 dividends. V. The large increase in retained eamings from 2020 to 2021 explains the large increase in 2021 dividends

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