Question: 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

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 $82
million, had a tax rate of 30 percent, and its depreciation expense
was $9 million. Fields and Struthers gross fixed assets increased
by $48 million from 2014 and 2015. The firms current assets
increased by $36 million and spontaneous current liabilities
increased by $24 million.What is the operating cash flow?Calculate Fields and Struthers operating cash flow for 2015.
(Enter your answer in millions of dollars rounded to 1
decimal place.)Calculate Fields and Struthers investment in operating capital
for 2015.(Enter your answer in millions of
dollars.)Calculate Fields and Struthers free cash flow for 2015.
(Enter your answer in millions of dollars rounded to 1
decimal place.)

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