Compute net operating assets $($NOA$)$ for $2019.$

Hint: Treat Financing receivable as operating assets and

Compute net operating profit after tax $($NOPAT$)$ for $2019,$ assuming a federal and state statutory tax rate of $22\%.$ Assume that all items on the $2019$ income statement will persist.$($Round your answer to the nearest whole number.$)$

Revenue

Product

$$39,005$

Service

$12,899$

Total revenue

$51,904$

Cost of sales

Product

$14,863$

Service

$4,375$

Total cost of sales

$19,238$

Gross margin

$32,666$

Operating expenses

Research and development

$6,577$

Sales and marketing

$9,571$

General and administrative

$1,827$

Amortization of purchased intangible assets

$150$

Restructuring and other charges

$322$

Total operating expenses

$18,447$

Operating income

$14,219$

Interest income

$1,308$

Interest expense

$(859)$

Other income $($loss$),$ net

$(97)$

Interest and other income $($loss$),$ net

$352$

Income before provision for income taxes

$14,571$

Provision for income taxes

$2,950$

Net income

$$11,621$

Assets

Current assets

Cash and cash equivalents

$$11,750$

Investments

$21,663$

Accounts receivable, net of allowance for doubtful accounts

$5,491$

Inventories

$1,383$

Financing receivables, net

$5,095$

Other current assets

$2,373$

Total current assets

$47,755$

Property and equipment, net

$2,789$

Financing receivables, net

$4,958$

Goodwill

$33,529$

Purchased intangible assets, net

$2,201$

Deferred tax assets

$4,065$

Other assets

$2,496$

Total assets

$$97,793$

Liabilities and equity

Current liabilities

Short$-$term debt

$$10,191$

Accounts payable

$2,059$

Income taxes payable

$1,149$

Accrued compensation

$3,221$

Deferred revenue

$10,668$

Other current liabilities

$4,424$

Total current liabilities

$31,712$

Long$-$term debt

$14,475$

Income taxes payable

$8,927$

Deferred revenue

$7,799$

Other long$-$term liabilities

$1,309$

Total liabilities

$64,222$

Equity:

Cisco shareholders$$ equity

Preferred stock, no par value: $5$ shares authorized; none issued and outstanding

$--$

Common stock and additional paid$-$in capital, $$0\mathrm{.}001$ par value: $20,000$ shares authorized;

$4,250$ and $4,614$ shares issued and outstanding at July $27,2019,$ and July $28,2018,$ respectively

$40,266$

$($Accumulated deficit$)$ Retained earnings

$(5,903)$

Accumulated other comprehensive income $($loss$)$

$(792)$

Total Cisco shareholders' equity

$33,571$

Total equity

$33,571$

Total liabilities and equity

$$97,793$