firm's free cash flow. From the income statement, you see that Fields and Struthers earned an EBIT of $62 million, had a tax rate of 35 percent, and its depreciation expense was $6 millioh. Fields and Struthers' gross fixed assets increased by $32 million from 2014 and 2015. The firm's current assets increased by $24 million and spontaneous current liabilities increased by $14 million Calculate Fields and Struthers' operating cash flow for 2015. (Enter your answer in millions of dollars rounded to 1 decimal place.) Operating cash flow Calculate Fields and Struthers' investment in operating capital for 2015. (Enter your enswer in millions of dollars.) Investment in operating capital m. Calculate Fields and Struthers' free cash flow for 2015. (Enter your answer in millions of dollars rounded to 1 decimal place.)

firm's free cash flow. From the income statement, you see that Fields and Struthers earned an EBIT of $62 million, had a tax rate of 35 percent, and its depreciation expense was $6 millioh. Fields and Struthers' gross fixed assets increased by $32 million from 2014 and 2015. The firm's current assets increased by $24 million and spontaneous current liabilities increased by $14 million Calculate Fields and Struthers' operating cash flow for 2015. (Enter your answer in millions of dollars rounded to 1 decimal place.) Operating cash flow Calculate Fields and Struthers' investment in operating capital for 2015. (Enter your enswer in millions of dollars.) Investment in operating capital m. Calculate Fields and Struthers' free cash flow for 2015. (Enter your answer in millions of dollars rounded to 1 decimal place.)

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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The management of Sheffield Inc. is trying to decide whether it can increase its dividend. During the current year it reported net income of $871,300. It had net operating activities of $644,000 paid cash dividendes of $80,000 and had capital expenditures of $278,200. Compute the companys free cash flow
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