Below is information from the statement of cash flow and income statement for Garland Products, Inc. for 2012 and 2011. Marketable securities represent investments of excess cash that Garland Products does not need for operations. Garland Products' tax rate is 35%.
Using the above information calculate the amount of free cash flows for common equity shareholders for Garland Products for year 2012 and 2011.
Definitions:
Armed Conflict
A conflict involving the use of armed forces between two or more parties, typically countries or groups within a country.
Industrialization
The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, leading to technological innovation and changes in society.
Natural Forces
Natural forces refer to the fundamental phenomena or energies inherent in the natural world, such as gravity, electromagnetism, and the forces driving climate and geological changes.
Arithmetically
Pertaining to or related to arithmetic, the basic branch of mathematics dealing with the properties and manipulation of numbers.
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