2018 $6,000.00 5,100.00 138 $762.00 Income Statements 2019 Sales $7.200.00 Operating costs excluding depreciation 5,400.00 Depreciation and amortization 165.6 Earnings before interest and taxes $1,634.40 Less interest 154.8 Pre-tax income $1,479.60 Taxes 591.8 Net income available to common stockholders $887.80 Common dividends $799,00 129 $633.00 253.2 $379.80 $303.80 2019 2018 Balance Sheets: Assets Cash Short-term investments Accounts receivable $66.00 30 $72.60 36 1,008.00 1.425.00 $2,541.60 1,656.00 Inventories Total current assets Net plant and equipment Total assets 840 1.140.00 $2.076.00 1,380.00 $3,456.00 $4,197.60 $360.00 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock $396,00 414 144 360 120 $840.00 5954.00 1.440100 1,200.00 $2,040.00 $2,394.00 1,600190 $396.00 414 144 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $954.00 1,440.00 $2,394.00 1,600.90 202.7 $1,803.60 $4,197.60 $360.00 360 120 $840.00 1,200.00 $2,040.00 1,302.10 113.9 $1,416.00 $3,456.00 Tax rate = 40% (For this problem. I recommend you work with Excel and copy your clean answer table here) a. What is the net operating profit after taxes (NOPAT) for 2019? b. What are the amounts of net operating working capital for both years? c. What are the amounts of total net operating capital for both years? d. What is the free cash flow for 2019? e. What is the ROIC for 20197 f. Assume WACC is 10%. What is the Economic Value Added (EVA) in 2019? g. Can you also calculate Market Value added (MVA) for 20192 Why or why not? T TI Arla 312pty