You are considering an investment in Fields and Struthers, Incorporated, and want to evaluate the...
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| You are considering an investment in Fields and Struthers, Incorporated, and want to evaluate the firms free cash flow. From the income statement, you see that Fields and Struthers earned an EBIT of $60 million, had a tax rate of 21 percent, and its depreciation expense was $4 million. Fields and Struthers's gross fixed assets increased by $30 million from last year to this year. The firms current assets increased by $22 million and spontaneous current liabilities increased by $13 million.
Calculate Fields and Strutherss investment in operating capital.
Calculate Fields and Strutherss free cash flow.
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