Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Determine the net operating profit before tax (NOPBT) for fiscal year 2015. Include any calculations you make in the box below. Compute the tax on

image text in transcribed

Determine the net operating profit before tax (NOPBT) for fiscal year 2015. Include any calculations you make in the box below.

Compute the tax on operating profit for fiscal year 2015.

Compute NOPAT using the formula NOPBT - tax on operating profit.
$ $ $ $ $ $ $ CISCO SYSTEMS, INC. Fiscal Year Ended ($ Millions) Total revenue Total cost of sales Gross margin Research and development Sales and marketing General and administrative Amortization of purchased intangible assets Restructuring and other charges Total operating expenses Operating income Interest income Interest expense Other income Interest and other income, net Income before provision for income taxes Provision for income taxes Net income $ $ July 25, 2015 49,161 19,480 29,681 6,207 9,821 2,040 359 484 18,911 10,770 (769) 566 (228) (431) 11,201 2,220 8,981 $ $ $ $ $ $ $ $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Customer Base Audit The First Step On The Journey To Customer Centricity

Authors: Peter Fader, Bruce G.S. Hardie, Michael Ross

1st Edition

1613631618, 978-1613631614

More Books

Students also viewed these Accounting questions

Question

The company has fair promotion/advancement policies.

Answered: 1 week ago