Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 12, 2024

EP Enterprises has the following income statement. How much net operating profit after taxes (NOPAT) does the firm have? Sales $ 4,200.00 Costs 1,400.00 Depreciation

EP Enterprises has the following income statement. How much net operating profit after taxes (NOPAT) does the firm have?

Sales	$ 4,200.00
Costs	1,400.00
Depreciation	250.00
EBIT	$ 2,550.00
Interest expense	70.00
EBT	$ 2,480.00
Taxes (25%)	992.00
Net income	$ 1,488.00

a. $1,913.50

b. $1,915.50

c. $1,916.50

d. $1,914.50

e. $1,912.50

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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 Repo Handbook

Authors: Moorad Choudhry

1st Edition

0750651628, 978-0750651622

More Books

Students also viewed these Finance questions

Question

★★★★★

A European growth mutual fund specializes in stocks from the British Isles, Continental Europe, and Scandinavia. The fund has over 100 stocks. Let x be a random variable that represents the monthly...

Answered: 1 week ago

Question

★★★★★

Which of the following ratios provides a solvency measure that shows the margin of safety of bondholders and also gives an indication of the potential ability of the business to borrow additional...

Answered: 1 week ago

Question

★★★★★

1. Poll the class and determine which students believe that climate change is primarily caused by humans and which believe that other factors, such as climate cycles or sun spots, are the primary...

Answered: 1 week ago

Question

★★★★★

Use the data in Problem 4-27 to find the best quadratic regression model. (There is more than one to consider.) How does this compare to the models in Problems 4-27 and 4-28?

Answered: 1 week ago

Question

★★★★★

EP Enterprises has the following income statement. How much net operating profit after taxes (NOPAT) does the firm have? Sales $ 4,200.00 Costs 1,400.00 Depreciation 250.00 EBIT $ 2,550.00 Interest...

Answered: 1 week ago

Question

★★★★★

Cane Company manufactures two products called Alpha and Beta that sell for $ 1 9 0 and $ 1 5 5 , respectively. Each product uses only one type of raw material that costs $ 8 per pound. The company...

Answered: 1 week ago

Question

★★★★★

1. Precision Engineering Inc. (PEI) is a small manufacturer of precision tools used to construct research equipment for engineering departments at colleges and universities. It sells its two main...

Answered: 1 week ago

Question

★★★★★

Which of the following is most closely aligned with the concept of psychological safety? 1 point Leader is responsible for making the employee comfortable at all times. Leader ignores bad behavior in...

Answered: 1 week ago

Question

★★★★★

Continue Mini Case 1 (the Accounting Cycle Part 1), the following information is available for FastForward in September that may need adjustments.[1] By the end of September, FastForward has provided...

Answered: 1 week ago

Question

★★★★★

question 1 A nurse's aide alleged that on August 22, 2012, she was attacked while cleaning a resident's room by a male coworker who attempted to rape her. She was able to escape and reported the...

Answered: 1 week ago

Question

★★★★★

Karri's manager suspects that the batteries being produced lately don't have enough voltage. the null hypothesis at 5% For a left-tailed test, the critical value of z so that a hypothesis test would...

Answered: 1 week ago

Question

★★★★★

1. What types of companies are most likely to adopt cloud-based CRM software services? Why? What companies might not be well-suited for this type of software? Salesforce.com is the most successful...

Answered: 1 week ago

Question

★★★★★

8-13 What is a botnet? The IT sector is one of the key drivers of the European economy. It has been estimated that 60 percent of Europeans use the Internet regularly. Additionally, 87 percent own or...

Answered: 1 week ago

Question

★★★★★

8-15 Explain how a cyber attack can be carried out. The IT sector is one of the key drivers of the European economy. It has been estimated that 60 percent of Europeans use the Internet regularly....

Answered: 1 week ago

Previous Question Next Question