4. Using the following financial statements to answer the following questions Income Statment Sales 2020 2019 $11,000.00 $10,000.00 Operating costs excluding depreciation $9,360.00 $8,500.00 $ 380.00 $ 360.00 Depreciation and amortization EBIT Less Interest Pre-tax income Taxes (40%) Net income Common dividends Balance Sheet Cash $ 1,260.00 $ 1,140.00 $ 120.00 $100.00 $ 1,140.00 $ 1,040.00 $ 456.00 $ 416.00 S 684.00 $ 624.00 $ 220.00 $ 200.00 2020 2019 Assets SS $ 550.00 $ 500.00 Inventories Total current assets Net PPE Total assets Short-term investments Accounts receivables 110.00 $ 100.00 $ 2,750.00 $ 2,500.00 $ 1,650.00 $ 1,500.00 $ 5,060.00 $ 4,600.00 $ 3,850.00 $ 3,500.00 $ 8,910.00 $8,100.00 Liabilities and Equity Accounts payable Accruals Notes payable $ 1,100.00 $ 1,000.00 $ 550.00 $ 500.00 $ 384.00 $ 200.00 Total current liabilities $ 2,034.00 $ 1,700.00 Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity a. What is the NOPAT for 2020? b. What is the NOWC for both years? c. What is the TNOC for both years? d. What is the free cash flow for 2020? e. What is the ROIC for 2020? $ 1,100.00 $ 1,000.00 $ 3,134 00 $2,700.00 $ 4,312.00 $ 4,400.00 $ 1,464.00 $ 1,000.00 $ 5,776.00 $5,400.00 $ 8,910.00 $ 8,100.00