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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 =

Answer

Note: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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