Question: please try to answer questions to this format style for a clear explanation on how and why thank you ! Arlington Corporation's financial statements (dollars

Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2018 2017 Assets Cash and equivalents $ 15,000 $ 11,000 Accounts receivable 25,000 20,000 Inventories 21,755 16,000 Total current assets $ 61,755 $ 47,000 Net plant and equipment 51,000 48,000 Total assets $112.755 $95,000 Liabilities and Equity Accounts payable $ 10,800 $ 8,500 Accruals 7,800 7,000 Notes payable 7,000 5,250 Total current liabilities $ 25,600 $ 20,750 Long-term bonds 10,000 10,000 Total liabilities $ 35,600 $ 30,750 Common stock (4,000 shares) 60,000 60,000 Retained earnings 17,155 4,250 Common equity $77,155 $ 64,250 Total liabilities and equity $112,755 $95,000 Income Statement for Year Ending December 31, 2018 Sales $204,000 Operating costs excluding depreciation and amortization 160,000 EBITDA $ 44,000 Depreciation & amortization 4,000 EBIT $ 40,000 Interest 1,600 EBT $ 38,400 Taxes (40%) 15,360 $ 23,040 Dividends paid 10,135 Net income estar var answers in millions for eyanne an answer of 25 mann on should h Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. Round your answers to the nearest whole number, if necessary a What was net operating working capital for 2017 and 2018? Assume that all cash is excess cash; 1.0., this cash is not needed for operating purposes. 2017 2018$ million million b. What was Arlington's 2018 free cash flow? million $ Total Stockholders Equity $ million c Construct Arlington's 2018 statement of stockholders equity Statement of Stockholders' Equity, 2018 Common Stock Retained Shares Amount Earnings Balances, 12/31/17 million $ million $ million 2018 Net Income million Cash Dividends million Addition to retained earnings Balances, 12/31/18 million million $ million d. What was Arlington's 2019 EVA? Assume that its after tax cost of capital is 10%. Round your answer to two decimal places, $ million million million $ e. What was Arlington's MVA at year end 2018? Assume that its stock once at December 31, 2018 ww $25. Round your answer to two deal places million
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