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The 2021 and 2020 balance sheets for Barker Corp. are provided below. The companys sales for 2021 were $1,320 million, and EBITDA was 15% of

The 2021 and 2020 balance sheets for Barker Corp. are provided below. The companys sales for 2021 were $1,320 million, and EBITDA was 15% of sales. Furthermore, depreciation amounted to 10% of net fixed assets, interest expense was $30 million, the corporate tax rate was 25%, and Barker pays out 40% of its net income as dividends. Barker had 25 million shares outstanding in 2021, the 12/31/21 stock price was $80 per share, and its after-tax cost of capital was 15%. Based upon this information, answer the following seven questions. Barker Corp. December 31 Balance Sheets (in thousands of dollars) 2021 2020 Assets Cash and cash equivalents $55,908 $44,000 Excess cash $5,992 $6,793 Accounts receivable $112,044 $92,370 Inventories $176,251 $157,488 Total current assets $350,195 $300,651 Net fixed assets $408,000 $324,000 Total assets $758,195 $624,651 Liabilities and equity Accounts payable $42,018 $30,420 Accruals $24,187 $18,981 Notes payable $38,500 $40,000 Total current liabilities $104,705 $89,401 Long-term debt $125,000 $110,000 Total liabilities $229,705 $199,401 Common stock $336,000 $290,000 Retained Earnings $192,490 $135,250 Total common equity $528,490 $425,250 Total liabilities and equity $758,195 $624,651

a. What was the companys 2021 net income? b. How much cash was provided by operating activities in 2021? c. What was the companys 2021 net operating working capital (NOWC)? d. What was the companys 2021 free cash flow? e. What was the companys 2021 EVA? f. What was the companys 2021 days sales outstanding (DSO)? Use a 365-day year in your calculation. g. Set up the companys 2021 Statement of Stockholders Equity.

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