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Here are simplified financial statements of phone corporation from a recent year: Income Statement (millions of dollars) Net sales Cost of goods sold Other expenses
Here are simplified financial statements of phone corporation from a recent year: Income Statement (millions of dollars) Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expenses Income before tax Taxes Net income Dividends 13,231 4,022 4,087 2,480 2,642 723 1,919 532 1,387 837 Statement of Financial Position (millions of dollars) End of Start Year of Year Assets: Cash and marketable securities 108 177 Receivables 2,344 2,452 Inventories 206 257 Other current assets 848 913 Total current assets 3,506 3,799 Net property, plant, and equipment 19,935 19,877 Other long-term assets 4,235 3,789 Total assets 27,676 27,465 Liabilities and shareholders' equity: Payables 2,583 3,059 Short-term debt 1,400 1,554 Other current liabilities 830 806 Total current liabilities 4,813 Long-term debt and leases 7,094 6,795 Other long-term liabilities 6, 197 6,168 Shareholders' equity 9,572 9,083 Total liabilities and shareholders' equity 27,676 27,465 5,419 Phone Corp.'s cost of capital was 6.4%. Estimate the tax rate (taxes/income before taxes) and calculate net operating profit after taxes. (Round your intermediate calculations and final answers to 2 decimal places. Enter your answer for NOPAT in millions of dollars.) Estimated tax rate NOPAT $ What was Phone Corp's economic value added? (Round your intermediate calculations and final answer to 2 decimal places. Enter your answer in millions of dollars.) EVA $
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