t $2$ Fundamental Concepts in Financial Management

Powell Panther Corporation: Balance Sheets as of December $31($Millions of Dollars$)$

$\backslash$table$[[,2008,2007],[$Assets$],[$Cash and equivalents,$$12\mathrm{.}0,$$$10\mathrm{.}03-10$ FREE CASH FLOW Financial information for Powell Panther Corporation is shown here.

Powell Panther Corporation: Income Statements

For Year Ending December $31($Millions of Dollars$)$

$\backslash$table$[[,2008,2007],[$Sales$,$$$1,200\mathrm{.}0,$$$1,000\mathrm{.}0$