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:
Profit Per Unit
The amount of profit generated by selling one unit of a product or service.
Profit Maximizing
The process or strategy employed by businesses to increase their profits to the highest possible level given their resources and constraints.
Total Revenue
The income generated by a company from the sale of its goods or services before any costs or expenses are subtracted.
Total Cost
The complete cost of production which includes both fixed and variable costs.
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