Harvest & Fields Inc. reported free cash flows for 2024 of $72.4 million and investment in operating capital of $38.9 million. Harvest & Fields incurred $19.3 million in depreciation expenses and paid $25.8 million in taxes on EBIT in 2024. Calculate Harvest & Fields' 2024 EBIT.

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 12P
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Harvest & Fields Inc. reported free cash flows for 2024 of $72.4 million and
investment in operating capital of $38.9 million. Harvest & Fields incurred
$19.3 million in depreciation expenses and paid $25.8 million in taxes on
EBIT in 2024.
Calculate Harvest & Fields' 2024 EBIT.
Transcribed Image Text:Harvest & Fields Inc. reported free cash flows for 2024 of $72.4 million and investment in operating capital of $38.9 million. Harvest & Fields incurred $19.3 million in depreciation expenses and paid $25.8 million in taxes on EBIT in 2024. Calculate Harvest & Fields' 2024 EBIT.
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