4. Using the following financial statements to answer the following questions Income Statment 2020 2019 Sales $ 11,000.00 $ 10,000.00 Operating costs excluding depreciation $ 9,360.00 $ 8,500.00 Depreciation and amortization $ 380.00 $ 360.00 EBIT $ 1,260.00 $ 1,140.00 Less Interest $ 120.00 $ 100.00 Pre-tax income $ 1,140.00 $ 1,040.00 Taxes (40%) $ 456.00 $ 416.00 Net income $ 684.00 $ 624.00 Common dividends $ 220.00 $ 200.00 Balance Sheet 2020 2019 Assets Cash $ 550.00 $ 500.00 Short-term investments $ 110.00 $ 100.00 Accounts receivables $ 2,750.00 $ 2,500.00 Inventories $ 1,650.00 $ 1,500.00 Total current assets $ 5,060.00 $ 4,600.00 Net PPE $ 3,850.00 $ 3,500.00 Total assets $ 8,910.00 $ 8,100.00 Liabilities and Equity Accounts payable $ 1,100.00 $ 1,000.00 Accruals $ 550.00 $ 500.00 Notes payable $384.00 $ 200.00 Total current liabilities $ 2,034.00 $ 1,700.00 Long-term debt $ 1,100.00 $ 1,000.00 Total liabilities $ 3,134.00 $ 2,700.00 Common stock $ 4,312.00 $ 4,400.00 Retained earnings $ 1,464.00 $ 1,000.00 Total common equity $ 5,776.00 $ 5,400.00 Total liabilities and equity $ 8,910.00 $ 8,100.00 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