Do my A, B & C answers Look Correct? Could you Help me with C, D & E? Arlington Corporation's financial statements (dollars and shares are in millions) are provided here.Balance Sheets as of December 31AssetsCash and equivalentsAccounts receivableInventoriesTotal current assetsNet plant and equipmentTotal assetsLiabilities and EquityAccounts payableAccrualsNotes payableTotal current liabilitiesLong-term bondsTotal liabilitiesCommon stock (4,000 shares)Retained earningsCommon equityTotal llabilities and equitySalesOperating costs excluding depreciation and amortizationEBITDADepreciation & amortizationEBITInterestEBTTaxes (25%)Net IncomeDividends paldBalances, 12/31/202021 Net IncomeIncome Statement for Year Ending December 31, 2021Cash DividendsAddition to retained earningsBalances, 12/31/212021$ 15,00035,00034,190$$ 84,19048,000$132,1902020$2021$b. What was Arlington's 2021 free cash flow?$26,900 millionc. Construct Arlington's 2021 statement of stockholders' equity.Shares$ 10,1007,3006,200million$ 23,60015,000$ 38,60060,00033,590$ 93,590$132,1902020$ 13,00030,00028,000$Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. Round your answers to the nearest whole number, if necessary.a. What was net operating working capital for 2020 and 2021? Assume that all cash is excess cash; I.e., this cash is not needed for operating purposes.43,000 million51,790 million71,00047,000$118,000million $$ 9,0006,0005,050$ 20,05015,000$ 35,05060,00022,950$ 82,950$118,000$219,000170,000$ 49,0006,000$ 43,0003,650$ 39,3509,837.50$29,512.50$18,872.50Statement of Stockholders' Equity, 2021Common StockAmountmillion $RetainedEarningsmillion $million $milliond. What was Arlington's 2021 EVA? Assume that its after-tax cost of capital is 10%. Round your answer to the nearest cent.millionmillionmillionTotal Stockholders'Equity$$million$millione. 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.millionmillion

Financial statement analysis:Financial statement analysis indicates the analysis of financial…

Net Income Dividends pald Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. Round your answers to the nearest whole number, if necessary. a. What was net operating working capital for 2020 and 2021? Assume that all cash is excess cash; I.e., this cash is not needed for operating purposes. 43,000 million 51,790 million 2020$ 2021$ b. What was Arlington's 2021 free cash flow? 26,900 million c. Construct Arlington's 2021 statement of stockholders' equity. $ Balances, 12/31/20 2021 Net Income $29,512.50 $18,872.50 Shares $ Statement of Stockholders' Equity, 2021 Common Stock million $ Amount million $ Retained Earnings Total Stockholders' Equity million $ million million Cash Dividends Addition to retained earnings Balances, 12/31/21 million $ million $ million $ 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 million million $ 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

Net Income Dividends pald Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. Round your answers to the nearest whole number, if necessary. a. What was net operating working capital for 2020 and 2021? Assume that all cash is excess cash; I.e., this cash is not needed for operating purposes. 43,000 million 51,790 million 2020$ 2021$ b. What was Arlington's 2021 free cash flow? 26,900 million c. Construct Arlington's 2021 statement of stockholders' equity. $ Balances, 12/31/20 2021 Net Income $29,512.50 $18,872.50 Shares $ Statement of Stockholders' Equity, 2021 Common Stock million $ Amount million $ Retained Earnings Total Stockholders' Equity million $ million million Cash Dividends Addition to retained earnings Balances, 12/31/21 million $ million $ million $ 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 million million $ 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

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 20BEA: The income statement, statement of retained earnings, and balance sheet for Somerville Company are...

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Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 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 llabilities and equity Sales Operating costs excluding depreciation and amortization EBITDA Depreciation & amortization EBIT Interest EBT Taxes (25%) Net Income Dividends pald Income Statement for Year Ending December 31, 2021 2021 Balances, 12/31/20 2021 Net Income Cash Dividends Addition to retained earnings Balances, 12/31/21 $ 15,000 35,000 34,190 $ 84,190 48,000 $132,190 $ 10,100 7,300 6,200 $ 23,600 15,000 $ 38,600 60,000 33,590 $ 93,590 $132,190 c. Construct Arlington's 2021 statement of stockholders' equity. Shares $ 2020 $ 13,000 30,000 28,000…
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