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Arlington Corporations financial statements (dollars and shares are in milions) are provided here. Balance Sheets as of December 31 2016 2015 Assets Cash and equivalents Accounts receivable Inventories $ 15,00014,000 30,000 28,000 80,325 $72,000 49,000 $134,325 $121,000 35,000 30,325 Total current assets Net plant and equipment Total assets 54,000 Liabilities and Equity Accounts payable Accruals Notes payable $ 10,400 8,500 7,500 6,700 $24,600 6,000 5,300 $19,800 Total current liabilities
Liabilities and Equity Accounts payable Accruals Notes payable $ 10,400 8,500 6,000 5,300 7,500 6,700 Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings 24,600 19,800 20,000 s 44,600 39,800 60,000 21,200 $81,200 $134,325$121,000 20,000 60,000 29,725 $ 89,725 Common equity Total liabilities and equity Income Statement for Year Ending December 31, 2016 Sales Operating costs excluding depreciation and amortízation EBITDA Depreciation & amortization $229,000 180,000 $49,000 5,000 O Type here to search
Income Statement for Year Ending December 31, 2016 Sales Operating costs exduding depreciation and amortization EBITDA Depreciation & amortization EBIT Interest EBT Taxes (40%) Net income Dividends paid Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered as 25,000. a. What was net operating working capital for 2015 and 20167 $229,000 180,000 49,000 5,000 $44,000 6,400 37,600 15,040 22,560 14,035 2015 $ million 2016 $ million b. What was Arlingtons 2016 free cash flow?
b. What was Arlingtons 2016 free cash flow? million c. Construct Arlingtons 2016 statement of stockholders equity Retained Earnings Total Stockholders Equity Common Stock Shares Amount 4000 million 60000 million 81200 million Balances, 12/31/15 2016 Net Income Cash Dividends Addition to retained earnings Balances, 12/31/16 21200 million $ 22560 million 14035 million million 29725 | million d, what was Arlingtons 2016 EVA? Assume that its after-tax cost of capital is 10%. Round your answer to two decimal places. 4000 | million S| 60000 | million | $| 89725 | million million e. What was Arlingtons MVA at year-end 20167 Assume that its stock price at December 31, 2016 was $25. million
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