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Cannot figure this problem out. You are considering an investment in Fields and Struthers, Inc. and want to evaluate the firm's free cash flow. From
Cannot figure this problem out.
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 eamed an EBIT of $90 million, had a tax rate of 21 percent, and its depreciation expense was $10 million. Flelds and Struthers's NOPAT gross fixed assets increased by $56million from 2020 and 2021. The firm's current assets increased by $44 million and spontaneous current liabilitles increased by $36 million. Calculate Flelds and Struthers's NOPAT operating cash flow for 2021. (Enter your answer in millions of dollors rounded to 2 decimal places.) Calculate Fields and Struthers's NOPAT Investment in operating capital for 2021. (Enter your answer in millions of dollars.) Calculate Fields and Struthers's NOPAT free cash flow for 2021. (Enter your answer in millions of dollars rounded to 2 decimal ploces.) Step by Step Solution
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