11 & 12

New Mexico Lumber recently reported that its earnings per share were $4.0. The company has 400,000 shares of stock outstanding. The company's interest expense was $500,000. The corporate tax rate is 34 percent. What was the company's operating income (EBIT)? If necessary, round it to a whole dollar. Your Answer: Answer A company has the following income statement. What is its net operating profit after taxes (NOPAT)? Round it to a whole dollar. Your