Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How do I calculate NOPAT if given the following: Net sales $21,942,193 Cost of sales, including buying and occupancy costs 16,040,461 Selling, general and administrative

How do I calculate NOPAT if given the following:

Net sales $21,942,193
Cost of sales, including buying and occupancy costs 16,040,461
Selling, general and administrative expenses 3,710,053
Provision (credit) for computer intrusion related costs (11,550)
Interest expense (revenue), net 39,137
Income from continuing operations before provision for income taxes 2,164,092
Provision for income taxes 824,562
Income from continuing operations 1,339,530
Gain from discontinued operations, net of income taxes 3,611
Net income $ 1,343,141
U.S. federal statutory income tax rate 35.0%
Effective state income tax rate 4.1%
Impact of foreign operation -0.5%
All other -0.5%
Worldwide effective income tax rate

38.1%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Managerial Accounting

Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan

5th Canadian edition

77429494, 1259105709, 1260480798, 978-1259105708

More Books

Students also viewed these Accounting questions