Question
Assets Cash and cash equivalents $10,768 $7,770 Marketable securities 2,041 1,545 Accounts receivable trade, net 9,719 9,444 Inventories 5,052 5,110 Deferred taxes on income 3,430
Assets | ||
Cash and cash equivalents | $10,768 | $7,770 |
Marketable securities | 2,041 | 1,545 |
Accounts receivable trade, net | 9,719 | 9,444 |
Inventories | 5,052 | 5,110 |
Deferred taxes on income | 3,430 | 2,609 |
Prepaid expenses and other receivables | 3,367 | 3,467 |
Total current assets | 34,377 | 29,945 |
Marketable securities, noncurrent | 4 | 2 |
Property, Plant and equipment, net | 14,365 | 14,185 |
Intangible assets, net | 13,976 | 14,640 |
Goodwill, net | 13,719 | 14,123 |
Deferred taxes on income | 5,841 | 4,889 |
Other assets | 2,630 | 3,170 |
Total assets | $ 84,912 | $ 80,954 |
Liabilities and Shareholders' Equity | ||
Loans and notes payable | $3,732 | $2,463 |
Accounts payable | 7,503 | 6,909 |
Accrued liabilities | 5,531 | 6,412 |
Accrued rebates, returns and promotions | 2,237 | 2,318 |
Accrued salaries, wages and commissions | 1,432 | 1,512 |
Accrued taxes on income | 417 | 223 |
Total current liabilities | 20,852 | 19,837 |
Long-term debt | 8,120 | 7,074 |
Deferred taxes on income | 1,432 | 1,493 |
Employee related obligations | 7,791 | 5,402 |
Other liabilities | 4,206 | 3,829 |
Total liabilities | 42,401 | 37,635 |
Shareholders' equity | ||
Preferred stock-without par value (authorized and unissued 2,000,000 shares) | -- | -- |
Common stock-par value $1.00 per share | 3,120 | 3,120 |
Accumulated other comprehensive income | (4,955) | (693) |
Retained earnings | 63,379 | 55,280 |
61,544 | 57,707 | |
Less: common stock held in treasury, at cost | 19,033 | 14,388 |
Total Shareholders' equity | 42,511 | 43,319 |
Total liability and shareholders' equity | $ 84,912 | $ 80,954 |
(a) Compute net operating profit after tax (NOPAT) for 2008. Assume that the combined federal and statutory rate is: 37.1%.
Treat other (income) expense, net as non-operating. Round your answer to the nearest whole number. 2008 NOPAT = $12,357
(b) Compute net operating assets (NOA) for 2008 and 2007. 2008 NOA = $Answer
2007 NOA = $
Answer
(c) Compute RNOA, net operating profit margin (NOPM) and net operating asset turnover (NOAT) for 2008. Do not use NOPM x NOAT to caculate RNOA. (Do not round until your final answers. Round answers to two decimal places.) 2008 RNOA = Answer
%
2008 NOPM =
Answer
%
2008 NOAT =
AnswerNote:The NOPAT answer is correct. However, several of the accounts in this problem are not even used in the book, so I am basically left with just Guess-and-Check. If someone figures out at least the NOA, please show me the steps you used to come to the answer. Thanks.
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