You are considering an investment in Fields and Struthers, Inc., and want to evaluate the...
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Accounting
You are considering an investment in Fields and Struthers, Inc., and want to evaluate the firms free cash flow. From the income statement, you see that Fields and Struthers earned an EBIT of $64 million, had a tax rate of 21 percent, and its depreciation expense was $5 million. Fields and Struthers's NOPAT gross fixed assets increased by $30 million from 2020 and 2021. The firms current assets increased by $26 million and spontaneous current liabilities increased by $15 million.
Calculate Fields and Strutherss NOPAT operating cash flow for 2021. (Enter your answer in millions of dollars rounded to 2 decimal places.)
Calculate Fields and Strutherss NOPAT investment in operating capital for 2021. (Enter your answer in millions of dollars.)
Calculate Fields and Strutherss NOPAT free cash flow for 2021. (Enter your answer in millions of dollars rounded to 2 decimal places.)
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