Click here to read the eBook: Free Cash Flow Problem
Walk-Through FREE CASH FLOW Arlington Corporation's financial
statements (dollars and shares are in millions) are provided here.
Balance Sheets as of December 31 2016 2015 Assets Cash and
equivalents $ 14,000 $ 12,000 Accounts receivable 35,000 30,000
Inventories 32,675 28,000 Total current assets $ 81,675 $ 70,000
Net plant and equipment 52,000 47,000 Total assets $133,675
$117,000 Liabilities and Equity Accounts payable $ 10,100 $ 9,500
Accruals 7,100 6,000 Notes...