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(Answered) Free Cash Flow


Problem 3-15 Free Cash Flow (PLEASE SHOW CALCULATION) Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars)? 2012 2011 Sales $2,300.0 $2,000.0 Operating costs excluding depreciation and amortization 1,898.0 1,700.0 EBITDA $402.0 $300.0 Depreciation and amortization 62.0 56.0 Earnings before interest and taxes $340.0 $244.0 Interest 51.0 44.0 Earnings before taxes $289.0 $200.0 Taxes (40%) 115.6 80.0 Net income $173.4 $120.0 Common dividends $156.0 $96.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars)? 2012 2011 Assets Assets Assets Cash and equivalents $29.0 $22.0 Accounts receivable 308.0 280.0 Inventories 374.0 340.0 Total current assets $711.0 $642.0 Net plant and equipment 616.0 560.0 Total assets $1,327.0 $1,202.0 Liabilities and Equity Liabilities and Equity Liabilities and Equity Accounts payable $230.0 $200.0 Notes payable 46.0 40.0 Accruals 75.0 60.0 Total current liabilities $351.0 $300.0 Long-term bonds 460.0 400.0 Total debt $811.0 $700.0 Common stock 462.6 466.0 Retained earnings 53.4 36.0 Common equity $516.0 $502.0 Total liabilities and equity $1,327.0 $1,202.0 Write out your answers completely. For example, 25 million should be entered as 25,000,000. What was net operating working capital for 2011 and 2012? 2011: $ _________ 2012: $ _________ What was the 2012 free cash flow? $
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Free Cash Flow

 


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