I don't understand 40, 41, 42 which all belong to the income statement. I don't understand how to get the answer

Pages 11 > of 16 SEBRING CORPORATION: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF DOLLARS) 2013 2012 Sales Operating costs (excluding depreciation and amortization) EBITDA Depreciation and amortization Earnings before interest and taxes Interest Earnings before taxes Taxes (40%) Net income available to common stockholders Common dividends $3,600.0 $3,000,0 3.060.0 2.550.0 $ 540.0 $ 450.0 90.0 0.0 $ 450.0 S 375.0 65.0 60.0 $385.0 S 315.0 154.0 126,0 $ 231.0 S 189.0 S 181.0 S 13.0 10 Shares outstanding Stock price 100m S32 100m $23 The finance staff has concluded that the finns atte-tax prettige cost of capital (equity plus debt) is 10% SEBRING CORPORATION: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31 MILLIONS OF YOLLARS) 2013 2012 Assets: Cash and marketable securities Accounts receivable Inventories Total current assets Gross fixed assets Net fixed assets Total assets S 36.0 $ 30.0 540.0 450,0 600.0 $1,116.0 $1,080.0 990.0 24.0 900.0 825.0 $2,016,0 51,830,0 Liabilities and equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Research Proposalgpal Open file 5 324.0 $ 270,0 201.0 55.0 216.0 1800 S 741.0 S 605.0 430.0 450.0 FIN303 Formulas E....docx Fieldwork Report Ins...pdf Research Proposal...docx Open file Presen Home F9 End Pauppi PgDn FO FO A % 5 & 7 6 8 9 0 E R. Page 11 > of 16 Shares outstanding Stock price 100m $32 100m $23 The finance staff has concluded that the firm's after-tax percentage cost of capital (equity plus debt) is 10%. SEBRING CORPORATION: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF DOLLARS) 2013 2012 Assets: Cash and marketable securities Accounts receivable Inventories Total current assets Gross fixed assets Net fixed assets Total assets S 36.0 S 30.0 540.0 450.0 540.0 600.0 $1,116.0 $1,080.0 990.0 825.0 900.0 825.0 $2,016.0 $1,830.0 Liabilities and equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equity S 324.0 $ 270,0 201.0 155.0 216.0 180.0 $ 741.0 $ 605.0 450.0 450.0 $1,191.0 S1,055.0 150.0 150.0 675.0 625.0 S 825.0 S 775.0 S2.016.0 $1,830.0 11 Fieldwork Roport ins...pdf Research Proposal g....pdf Research Proposal docx Oran file FIN103 Formulas E.docx Open File Presch FB Home 9 End Pgup Pgon 5 6 7 8 9 40. What is Sebring's net operating profit after taxes (NOPAT) for 2013? a. $150,000,000 b. $225,000,000 c. $270,000,000 + d. $375,000,000 41. What is Sebring's net operating working capital for 20013? a. b. c. d. S 540,000,000 S 576,000,000 S 750.000.000 $ 985,000,000 42. What is Sebring's free cash flow for 2013? a. S 85,000,000 b. S146,000,000 c. $249,000,000 d S255,000,000 43. Which of the following statements is CORRECT? a. b. c. d. The four most important financial statements provided in the annual report are the balance income statement, cash budget, and the statement of stockholders' equity. The balance sheet gives us a picture of the firm's financial position at a point in time. The income statement gives us a picture of the fim's financial position at a point in time. The statement of cash flows tells us how much cash the firm must pay out in interest during year 44. Which of the following statements is CORRECT? a. MVA stands for market value added, and it is defined as follows: MVA - (Shares outstanding) Stock price) + Book value of common equity. b. The primary difference between EVA and accounting net income is that when net income is calculated, a deduction is made to account for the cost of common equity, whereas EVA represents net income before deducting the cost of the equity capital the firm uses. c. MVA gives us an idea about how much value a firm's management has added during the last year