Identifying operating income components following is the deere & company income statement for 2015. a. identify the components in its income statement that you would consider operating. using the drop-down box next to each account, indicate whether it is operating or nonoperating. made for strategic purposes. $ millions 2015 operating or nonoperating net sales and revenue net sales $25,775.2 answer finance and interest income 2,381.1 answer other income 706.5 answer total 28,862.8 costs and expenses cost of sales 20,143.2 answer research and development expenses 1,425.1 answer selling, administrative and general expenses 2,873.3 answer interest expense 680.0 answer other operating expenses 961.1 answer total 26,082.7 income of consolidated group before income taxes 2,780.1

Assume today is december 31, 2013. barrington industries expects that its 2014 after-tax operating income [ebit(1 – t)] will be $400 million and its 2014 depreciation expense will be $70 million. barrington's 2014 gross capital expenditures are expected to be $120 million and the change in its net operating working capital for 2014 will be $25 million. the firm's free cash flow is expected to grow at a constant rate of 4.5% annually. assume that its free cash flow occurs at the end of each year. the firm's weighted average cost of capital is 8.6%; the market value of the company's debt is $2.15 billion; and the company has 180 million shares of common stock outstanding. the firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. using the corporate valuation model, what should be the company's stock price today (december 31, 2013)? round your answer to the nearest cent. do not round intermediate calculations.

The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to

Suppose that electricity producers create a negative externality equal to $5 per unit. further suppose that the government imposes a $5 per-unit tax on the producers. what is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?