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 to all debt and equity capital stakeholders for Garland Products for year 2012 and 2011.
Definitions:
Producer Surplus
The difference between what producers are willing to accept for a good or service and the actual price they receive, reflecting producers' benefit.
Costume Jewelry
Fashionable jewelry made from non-precious materials, intended for temporary use with specific outfits rather than as long-term investments.
Marginal Cost
Marginal cost refers to the added expense incurred from producing one more unit of a product or service.
Marginal Benefit
The increase in satisfaction or utility experienced from the consumption or production of one additional unit of a good or service.
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