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You are considering an investment in Fields and Struthers, Inc., and want to evaluate the firm’s free cash flow. From the income statement, you see that Fields and Struthers earned an EBIT of $72 million, had a tax rate of 30 percent, and its depreciation expense was $8 million. Fields and Struthers’ gross fixed assets increased by $38 million from 2014 and 2015. The firm’s current assets increased by $34 million and spontaneous current liabilities increased by $19 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 $ m
Calculate Fields and Struthers’ investment in operating capital for 2015. (Enter your answer 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.)
Free cash flow $ m
A portfolio is comprised of three index funds: an equity index comprising 40% of the total portfolio, a bond index comprising 30% of the total portfolio and an international index comprising 30% of the total portfolio. After each quarter the portfoli..
You are called in as a financial analyst to appraise the bonds of Olsen's Clothing Stores. The $1,000 par value bonds have a quoted annual interest rate of 10 percent, which is paid semiannually. The yield to maturity on the bonds is 10 percent annua..
What is the minimum price (or "floor" price) at which the Neuman's bonds should sell? If the following is true: Years to maturity: 10 Stock price: $30.00 Par value: $1,000.00 Conversion price: $35.00 Annual coupon: 5.00% Straight-debt yield: 8.00%
In the BASIC valuation model risk is generally incorporated into the___.
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Write a 700- to 1,050-word paper discussing managerial issues associated with managing an organization's IS infrastructure.
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Record the journal entries required on December 31, 2014 to close all temporary accounts for governmental activities at the government-wide level.
Planning for Retirement Tom and Tricia are 22, newly married, and ready to embark on the journey of life. They both plan to retire 45 years from today. Because their budget seems tight right now, they had been thinking that they would wait at least 1..
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Kerri purchased a term insurance policy when she had high life insurance needs and limited income. Now she can afford whole life insurance. What term life insurance provision will permit Kerri to switch her term insurance to whole life insurance with..
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