Powell Panther Corporation: Income Statements for Year Ending December 31 (millions of dollars) 2021 2020 $3,600.0 $3,000.0 2,790.0 2,550.0 $ 810.0 $ 450.0 109.0 $701.0 84.0 $366.0 66.0 79.2 $ 621.8 248.7 $ 300.0 120.0 $ 373.1 $ 180.0 Common dividends $335.8 $ 144.0 Powell Panther Corporation: Balance Sheets as of December 31 (millions of dollars) Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization Earnings before interest and taxes (EBIT) Interest Earnings before taxes (EBT) Taxes (25%) Net income Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Q Search $ 2021 39.0 $ $ 432.0 828.0 $1,299.0 1,092.0 $2,391.0 $ 273.0 263.0 72.0 608.0 2020 $ 30.0 360.0 720.0 $1,110.0 840.0 $1,950.0 $ 210.0 210.0 60.0 480.0

Powell Panther Corporation: Balance Hars) any, should be indicated by a minus sign. a. What was net operating working capital for 2020 and 2021 ? Assume the firm has no excess cash. Powell Panther Corporation: Balance Hars) any, should be indicated by a minus sign. a. What was net operating working capital for 2020 and 2021 ? Assume the firm has no excess cash