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PIUuell 206 CUI PUlale laes (LU205) Hunt Taxidermy, Inc. is concerned about the taxes paid by the company in 2018. In addition to $43.9 million

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PIUuell 206 CUI PUlale laes (LU205) Hunt Taxidermy, Inc. is concerned about the taxes paid by the company in 2018. In addition to $43.9 million of taxable income, the f received $3,075,000 of interest on state-issued bonds and $1,900,000 of dividends on common stock it owns in Oakdale Fashions, Inc. (Use Table 2.3.) Calculate Hunt Taxidermy's tax liability. (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.) Tax liability Calculate Hunt Taxidermy's average tax rate. (Round your answer to 2 decimal places.) Average tax rate Calculate Hunt Taxidermy's marginal tax rate. Marginal tax rate % 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 $96 million, had a tax rate of 30 percent, and its depreciation expense was $8 million. Fields and Struthers' gross fixed assets increased by $62 million from 2017 to 2018. The firm's current assets increased by $50 million and spontaneous current liabilities increased by $42 million Calculate Fields and Struthers' operating cash flow for 2018. (Enter your answer in millions of dollars rounded to 1 decimal place.) Operating cash flow milion Calculate Fields and Struthers' investment in operating capital for 2018. (Enter your answer in millions of dollars.) Investment in operating capital million Calculate Fields and Struthers' free cash flow for 2018. (Enter your answer in millions of dollars rounded to 1 decimal place) Free cash flow Mr. Husker's Tuxedos Corp. began the year 2018 with $264 million in retained earnings. The firm earned net income of $37 million in 2018 and paid dividends of $4 million to its preferred stockholders and $18 million to its common stockholders. What is the year-end 2018 balance in retained earnings for Mr. Husker's Tuxedos? (Enter your answer in millions of dollars.) Retained earnings milion

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