Question
EP Enterprises has the following income statement. How much net operating profit after taxes (NOPAT) does the firm have? Sales $1,800.00 Costs 1,400.00 Depreciation 300.00
EP Enterprises has the following income statement. How much net operating profit after taxes (NOPAT) does the firm have?
| Sales |
|
|
| $1,800.00 |
| Costs |
|
|
| 1,400.00 |
| Depreciation |
|
| 300.00 | |
| EBIT |
|
|
| $ 100.00 |
| Interest expense |
|
| 70.00 | |
| EBT |
|
|
| $ 30.00 |
| Taxes (40%) |
|
| 12.00 | |
| Net income |
|
| $ 18.00 | |
Hint: NOPAT = EBIT x (1 - Tax rate)
Group of answer choices
$97.50
$130.0
$65.0
$60.0
$90.0
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
Preliminary Audit Results Montanas State Employee Compensation 1990
Authors: Waters Consulting Group, Montana. State Employee Compensation Committee
1st Edition
1378152700, 978-1378152706
