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(d) Compute net operating profit after tax (NOPAT) for 2016, assuming a federal and state statutory tax rate of 37%. (Round your answer to the
(d) Compute net operating profit after tax (NOPAT) for 2016, assuming a federal and state statutory tax rate of 37%. (Round your answer to the nearest whole number.)
Cisco Systems Inc. Consolidated Statements of Income Years Ended December [$ millions} July 30, 2016 Revenue Product $37,254 Service 1 1,993 Total revenue 49,24? Cost of sales Product 14,161 Service w Total cost of sales 18,287 Gross margin 30,960 Operating expenses Research and development 6,296 Sales and marketing 9,619 General and administrative 1,814 Amortization of purchased intangible assets 303 Restructuring and other charges E Total operating expenses 18,300 Operating income 12,660 Interest income 1,005 Interest expense (626} Other income (loss), net {} Interest and other income (loss), net @ Income before provision for income taxes 12,920 Provision for income taxes LE Net income $10,239Step by Step Solution
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