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Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars)

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Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) a. What was net operating working capital for 2014 and 2015? b. What was the 2015 free cash flow? c. How would you explain the large increase in 2015 dividends

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