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Following is the current year income statement for Lindell Industries. Lindell Industries Consolidated Statement of Earnings Twelve Months Ended December 3 1 ( In thousands
Following is the current year income statement for Lindell Industries.
Lindell Industries
Consolidated Statement of Earnings
Twelve Months Ended December In thousands
Net sales $
Cost of sales
Gross margin
Expenses
Selling, general and administrative
Depreciation and amortization
Operating income
Interest expense, net
Pretax earnings
Income tax provision
Net earnings $
Compute Lindell's net operating profit after tax NOPAT for the current year, assuming a total statutory tax rate.
NOTE: Do not round intermediate calculations.
NOTE: Enter answer rounded to the nearest whole number.
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