FINA 2201-You have obtained the financial information for the past two years
You have obtained the financial information for the past two years for Powell Panther Corporation. Answer the following questions:Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars)20022001Sales$1,200.0$1,000.0Operating costs1,020.0850.0EBITDA$180.0$150.0Depreciation and amortization30.025.0Earnings before interest and taxes (EBIT)$150.0$125.0Less interest21.720.2Earnings before taxes (EBT)$128.3$104.8Taxes (40%)51.341.9Net income available to common stockholders$77.0$62.9Common dividends$60.5$46.4Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars)20022001ASSETSCash and marketable securities$12.0$10.0Accounts receivable180.0150.0Inventories180.0200.0 Total current assets$372.0$360.0Net plant and equipment300.0250.0Total assets$672.0$610.0LIABILITIES AND EQUITYAccounts payable$108.0$90.0Notes payable67.051.5Accruals72.060.0 Total current liabilities$247.0$201.5Long-term bonds150.0150.0 Total debt$397.0$351.5Common stock (50 million shares)50.050.0Retained earnings225.0208.5 Common equity$275.0$258.5Total liability and equity$672.0$610.0Prepare Powell”s statement of cash flows.a) What is the net operating profit after taxes (NOPAT) for 2002?b) What are the amounts of net operating working capital for 2001 and 2002?c) What are the amounts of total operating capital for 2001 and 2002?