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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 Balances, 12/31/20 2021 Net Income Income Statement for Year Ending December 31, 2021 Cash Dividends Addition to retained earnings Balances, 12/31/21 2021 $ 15,000 35,000 34,190 $ $ 84,190 48,000 $132,190 2020$ 2021$ b. What was Arlington's 2021 free cash flow? $ 26,900 million c. Construct Arlington's 2021 statement of stockholders' equity. Shares $ 10,100 7,300 6,200 million $ 23,600 15,000 $ 38,600 60,000 33,590 $ 93,590 $132,190 2020 $ 13,000 30,000 28,000 $ 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 million 51,790 million 71,000 47,000 $118,000 million $ $ 9,000 6,000 5,050 $ 20,050 15,000 $ 35,050 60,000 22,950 $ 82,950 $118,000 $219,000 170,000 $ 49,000 6,000 $ 43,000 3,650 $ 39,350 9,837.50 $29,512.50 $18,872.50 Statement of Stockholders' Equity, 2021 Common Stock Amount million $ Retained Earnings 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 Total Stockholders' Equity $ $ 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 million
Transcribed Image Text: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 Balances, 12/31/20 2021 Net Income Income Statement for Year Ending December 31, 2021 Cash Dividends Addition to retained earnings Balances, 12/31/21 2021 $ 15,000 35,000 34,190 $ $ 84,190 48,000 $132,190 2020$ 2021$ b. What was Arlington's 2021 free cash flow? $ 26,900 million c. Construct Arlington's 2021 statement of stockholders' equity. Shares $ 10,100 7,300 6,200 million $ 23,600 15,000 $ 38,600 60,000 33,590 $ 93,590 $132,190 2020 $ 13,000 30,000 28,000 $ 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 million 51,790 million 71,000 47,000 $118,000 million $ $ 9,000 6,000 5,050 $ 20,050 15,000 $ 35,050 60,000 22,950 $ 82,950 $118,000 $219,000 170,000 $ 49,000 6,000 $ 43,000 3,650 $ 39,350 9,837.50 $29,512.50 $18,872.50 Statement of Stockholders' Equity, 2021 Common Stock Amount million $ Retained Earnings 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 Total Stockholders' Equity $ $ 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 million
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Balances, 12/31/20 2021 Net Income Cash Dividends Addition to retained earnings Balances, 12/31/21 Shares Statement of Stockholders' Equity, 2021 Common Stock million $ million $ Amount million $ million Retained Earnings million million million million Total Stockholders' Equity $ $ million million million
Transcribed Image Text:Balances, 12/31/20 2021 Net Income Cash Dividends Addition to retained earnings Balances, 12/31/21 Shares Statement of Stockholders' Equity, 2021 Common Stock million $ million $ Amount million $ million Retained Earnings million million million million Total Stockholders' Equity $ $ million million million
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