Question: Accounting Relations for Kimberly-Clark Corporation (Medium) Below are summary numbers from reformulated balance sheets for 2007 and 2006 for Kimberly-Clark Corporation, the paper products company, along with numbers from the reformulated income statement for 2007 (in millions).
a. Calculate the following for 2007 and 2006:
(i) Net operating assets.
(ii) Net financial obligations.
(iii) Shareholders' equity.
b. Calculate free cash flow for 2007.
c. Show that the accounting relation for change in net operating assets works for Kimberly-Clark.
d. What was the net payment to shareholders (the net dividend) in 2007?