Wildhorse Co. accumulates the following cost and market data on December 31.Inventory Categories Cost Data Market DataCamerasCamcordersDVDs$10,871$11,9518,6289,48810,960 9,660Required:Compute the lower-of-cost-or-market valuation for the company's inventory.22:31You are considering an investment in Fields and Struthers, Inc., and want toevaluate the firm's free cash flow. From the income statement, you see thatFields and Struthers earned an EBIT of $64 million, had a tax rate of 30 percent,and its depreciation expense was $5 million. Fields and Struthers' gross fixedassets increased by $30 million from 2014 and 2015. The firm's current assetsincreased by $26 million and spontaneous current liabilities increased by $15million.a. Calculate Fields and Struthers' operating cash flow for 2015.b. Calculate Fields and Struthers' investment in operating capital for 2015.c. Calculate Fields and Struthers' free cash flow for 2015.22:31Your firm has net income of $329 on total sales of $1,340. Costsare $740 and depreciation is $130. The tax rate is 30 percent.The firm does not have interest expenses. What is the operatingcash flow?

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Answered: Wildhorse Co. accumulates the following…

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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