Question: The question does not come with a 2020 income statement Balance Sheets as of December 31 20212020 Assets Cash and equivalents Accounts receivable Inventories Total


The question does not come with a 2020 income statement
Balance Sheets as of December 31 20212020 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings Common equity Total liabilities and equity \begin{tabular}{rrr} $13,000 & $12,000 \\ 30,000 & 25,000 \\ 27,960 & 24,000 \\ $70,960 & $61,000 \\ 50,000 & 45,000 \\ \hline$120,960 & $106,000 \\ \hline \hline \end{tabular} Income Statement for Year Ending December 31, 2021 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation \& amortization EBIT Interest EBT Taxes (25\%) Net income Dividends paid $229,000180,000$49,0008,000$41,0004,600$36,4009,100.00$27,300.0015,540.00 nter 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 2020 and 2021? Assume that all cash is excess cash; i.e., this cash is not needed for operating purposes. 2020$2021$millionmillion b. What was Arlington's 2021 free cash flow? $million c. Construct Arlington's 2021 statement of stockholders' equity. d. What was Arlington's 2021 EVA? Assume that its after-tax cost of capital is 10%. Round your answer to the nearest cent. $ million e. What was Arlington's MVA at year-end 2021? Assume that its stock price at December 31, 2021 was $25. Round your answer to the nearest cent. $ million
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