Homework Answers
| Calculation of Fields and Struthers operating cash flows for 2018 | |||||
| Million | |||||
| EBIT | $84.0 | ||||
| Tax @ 30% | -$25.2 | ||||
| Depreciation | $10.0 | ||||
| Operating Cash flows | $68.8 | ||||
| Calculation of Fields and Struthers investment in operating capital | |||||
| Million | |||||
| Increase in Current Assets | -$38.0 | ||||
| Increase in Current Liabilities | $25.0 | ||||
| Investment in operating capital | -$13.0 | ||||
| Calculation of Fields and Struthers free cash flow for 2018 | |||||
| Free cash flow = Operating Cash flows - Investment in Operating capital - Investment in Fixed assets | |||||
| Free cash flow = $68.8 million - $13 million - $50 million = $5.8 million | |||||
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