2. Using Lan & Chen Corporation's financial statements (shown below), answer the following questions. (Total 50 points) (a, b, c, d, e: sach one is 6 points, f is 20 points). a. What is the net operating profit after taxes (NOPAT) for 2010? b. What are the amounts of net operating working sarital for both years? c. What are the amounts of total net gperating sapital for both years? d. What is the free, cash flow for 2010? e. What is the ROIC for 2010? f. How much of the FCF did Lan &Chen Corporation's use for each of the following RusRoses: after-tax interest net debt repayments, dividends. net stack spucshases, and net burchases of short-term investments? Lan & Chen Technologies: Income Statements for Year Ending December 31 (Thousands of Dollars) 2010 2009 Sales $945,000 $900,000 Expenses excluding depreciation and amortization 812.700 774,000 EBITDA $132,300 $126,000 Depreciation and amortization 33.100 31.500 EBIT $ 99,200 $ 94,500 Interest expense 10.470 8.600 EBT 88,730 $ 85,900 Taxes (40%) 35,492 34,360 Net income $ 53.238 S 51.540 Common dividends $ 43,300 $ 41,230 Addition to retained eamings $ 9,938 $ 10,310 2010 Lan & Chen Technologies: December 31 Balance Sheets (Thousands of Dollars) 2009 Assets Cash and cash equivalents $ 47,250 $ 45,000 Short-term investments 3,800 3,600 Accounts receivable 283,500 270,000 Inventories 141,750 135,000 Total current assets $476,300 $453,600 Net fixed assets 330,750 315.000 Total assets $807,050 9768.600 Liabilities and equity Accounts payable $ 94,500 $ 90,000 Accruals 47,250 45,000 Notes payable 26,262 9,000 Total current liabilities $168,012 $144,000 Long-term debt 94,500 90,000 Total liabilities $262,512 $234,000 Common stock 444,600 444,600 Retained earnings 99.938 90.000 Total common equity $544,538 S534.600 Total liabilities and equity $807,050 $768.600