Business, 12.03.2021 15:30 georgesk2030
Financial information for Powell Panther Corporation is shown below:
Powell Panther Corporation Income Statements for Year Ending December 31 (Millions of Dollars)
2016 2015
Sales $28,60.0 $ 2,200
Operating costs excluding depreciation and amortization 2,431.0 1m871.0
EBITDA $429.0 $330.0
Depreciation and amortization 61.0 48.0
Earnings before interest and taxes (EBIT) $368.0 $282..0
Interest 63.0 48.0
Earnings before taxes (EBT) $305.0 $234.0
Taxes (40%) 122.0 93.6
Net Income $183.0 $140.4
Common dividends $165.0 $112.0
Powell Panther Corporation Balance sheets as December 31 (Millions of Dollars)
2016 2015
Assets
Cash and equivalents $36.0 $29.0
Accounts receivable 380.0 330.0
Inventories 475.0 396.0
Total current assets $891.0 $755.0
Net plant and equipment 605.0 484.0
Total assets $1,496.0 $1,239.0
Liabilities and Equityy
Accounts payable $275.0 $220.0
Accruals 194.0 176.0
Notes payable 57.0 44.0
Total current liabilities $526.0 $440.0
Long-term-bonds 572.0 440.0
Total liabilities $1,098.0 $880.0
Common Stock 337.0 316.0
Retained earnings 61.0 43.0
Common equity $398.0 $359.0
Total liabilities and equity $1,496.0 $1,239.0
What was 2016 Free cash flow?
Answers: 3
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