Finance 510

Greshak Corp. reports the following financial information during its most recently completed year. What is the firm's Net Operating Profit After Tax (NOPAT)?

Sales $75,000

Cost of Sales 46,500

Gross Profit 28,500

SG&A Exp 9,800

Rent Exp 7,500

Depreciation 4,100

Interest Exp 1,550

Taxable Earnings 5,550

Tax (@40%)2,220

Net Income 3,330

Select one:

a. $4,260b. $3,330c. $3,690d. $5,550e. None of the above