Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ruve rallier Lurporation: Balance sneets as or vecember 31 (milions or dollars) irite out your answers completely. For example, 25 million should be entered as

image text in transcribed
image text in transcribed
ruve rallier Lurporation: Balance sneets as or vecember 31 (milions or dollars) irite out your answers completely. For example, 25 million should be entered as 25,000,000. Round your answers to the nearest dollar, if necessary. egative values, if any, should be indicated by a minus sign. a. What was net operating working capital for 2020 and 20217 Assume the firm has no excess cash. 2020: \$\$ 2021:\$ b. What was the 2021 free cash flow? 5 c. How would you explain the large increase in 2021 dividends? I. The iarge increase in free cash flow from 2020 to 2021 explains the large increase in 2021 dividends. II. The large increase in net income from 2020 to 2021 explains the large increase in 2021 dividends. III. The large increase in EBIT from 2020 to 2021 explains the large increase in 2021 dividends. IV. The iarge 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Principals Guide To School Budgeting

Authors: Richard D. Sorenson, Lloyd M. Goldsmith

3rd Edition

1506389457, 978-1506389455

More Books

Students also viewed these Finance questions

Question

7. Define cultural space.

Answered: 1 week ago

Question

8. Describe how cultural spaces are formed.

Answered: 1 week ago