Exhibit Jarir Marketing Co.: Income Statement and Balance Sheet All figures are in Thousands 2018 2017 2018 2017 Balance sheet (Assets) Quick assets (cash + Accounts receivable) 700,239 550,338 Income statement Revenues Cost of sales Selling costs Depreciation Operating income 7,361,723 6.941.935 (6.247,901) (5,904,694) (199,314) (198,568 1987) (3.902 913,521 834,771 Inventories Current assets 1,05 7,673 1,757912 947,945 1.498,283 1.115,297 341,705 3.214,914 1,075,588 303.159 2,8 77,130 Property, plant & equipment Investments Total assets (3,977) 54,698 974,242 Interest expense Gain on sale Earnings before taxes (901) 41.267 875,137 (14 250) 959.992 17,478) 867,659 Prior year 1,364,006 Current year 1.102.652 Zalat Net income 1 ul Balance sheet (Llabilitles) Current liabilities Non-Current libilities Equity Liabilities and equity 151.492 1.699417 3.214,914 148,435 1,626,043 2.877,130 bit id The Exhibit above presents the actual income statement and balance sheet for Jarir Marketing Co. a seven- billion-riyal company listed in Tadawul under the Retail category. a) Compute NOPLAT, (2.5 points) b) Compute the average invested capital, (2.5 points) c) Compute the ROIC. (2.5 points) d) If the weighted average cost of capital is 10 percent, is the company creating value? (2.5 points) You can assume an operating tax rate of 25 percent and a marginal tax rate of 35 percent