1. Sun Devil Inc. completed a challenging year due to a substantial change in its supply chain. Due to the ongoing trade policy disputes between the United States and China, Sun Devil moved a portion of its manufacturing operations from China to Vietnam and Singapore.

For the past fiscal year, Sun Devil Inc. generated $175 million in operating income along with net financial expense of $35 million. Responding to an uncertain business climate the firm moved a portion of its operations to avoid political conflict that could adversely impact Sun Devils future performance. The transition of manufacturing locations resulted in an increase in net operating assets from $1,500 million to $1,800 million that was financed, in part, by a secondary stock issuance of $150 million. The net financial obligations at the fiscal year end was $700 million, an increase of $75 million during the fiscal year. During the year, the firm maintained its cash dividend of $65 million. Also, during the year, employees and executives exercised stock options with an exercise price of $5 million. To avoid dilution of existing shareholders, Sun Devil maintains an active share repurchase (i.e., buyback) plan to purchase stock on the open market to support its stock option issuances.

a. What was comprehensive income for the year?

b. What were the free cash flows for the year?

c. What were the net dividends for the year (i.e., net payout to shareholders)?