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Powell Panther Corporation: Balance Sheets as of December 31 (millions of dollars) Powell Panther Corporation:...

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Powell Panther Corporation: Balance Sheets as of December 31 (millions of dollars) Powell Panther Corporation: Balance Sheets as of December 31 (millions of dollars) Whte out your ansuers completely. For exarnple, 25 million should be entered as 25,000,000. Round your answers to the cearest dollac, if necessary. Negative values, if any, should be indicated by a minus sige. a. What was net operating working capital for 2020 and 2021 ? Aesume the firm has no excess cash. 2020:52021:5 b. What was the 2021 free cash flow? c. How would you explain the large increase in 2021 dividends? 1. The large incresse in net incerne from 2020 to 2021 explains the large increase in 2021 dividends. 11. The large increase in Eort from 2020 to 2021 explains the large increase in 2021 dividends. 11. The large increase in free cash fiew from 2020 to 2021 explains the large increase in 2021 dividends. IV. The large increase in sales from 2020 to 2021 explains the large increase in 2021 dividends. 6. The larget increase in retainad eamings from 2020 to 2021 explains the large increase in 2021 dividends

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