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6. Problem 2-15 (Net Operating Profit after Tax (NOPAT)) eBook Net Operating Profit after Tax (NOPAT) Use the following income statement of Elliott Game
6. Problem 2-15 (Net Operating Profit after Tax (NOPAT)) eBook Net Operating Profit after Tax (NOPAT) Use the following income statement of Elliott Game Theory Consulting to determine its net operating profit after taxes (NOPAT). Use 25% as the tax rate. Elliot Game Theory Consulting Income Statement for Year Ending December 31 Sales Operating costs excluding depreciation Depreciation and amortization 2020 $500,000 300,000 40,000 $160,000 Earnings before interest and taxes Less interest 13,000 Pre-tax income $147,000 Taxes (25%) 36,750 Net income available to common stockholders $110,250 Round your answer to the nearest dollar. $
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