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:
Irrational Choice
A decision made contrary to the conventional understanding of economic rationality, not maximizing utility.
Incentives
Rewards or penalties that motivate individuals to perform an action or avoid it.
Economic Analysis
A systematic approach to determining the optimal use of scarce resources, involving comparison of two or more alternatives in achieving specific objectives under the given assumptions.
Personal Benefits
Advantages or gains received personally, often in the context of employment or social welfare.
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