1) Consider the following data for Middleton Industries: Year 2020 Cash Accounts Receivable Inventory Accounts payable Notes payable Long-term debt Total assets Capital expenditures Industry avg (cash/total assets) 1600 2250 2,800 1,900 900 4,200 12,000 1,500 6% 2019 1200 1700 2,500 1,600 500 3,400 10,500 Year Sales Operating expenses SG&A expenses Depreciation Interest expense Income taxes Tax rate WACC 2020 32,000 20,500 3,500 1,250 255 2,338 36% 10% 6% Note that the balance sheet items are as of the year-end. Calculate the following for the firm for 2020: a) Invested capital (3 points) b) NOPAT (3 points) c) ROIC (Note: use prior year invested capital for this calculation._.2 points) d) Economic Profit (2 points) e) Free Cash Flow (2 points) f) Does the firm have any nonoperating assets? (2 points)