Question
I have the following information so far and need answers for parts f and g a. NOPAT = Operating Income x (1 - Tax Rate)
I have the following information so far and need answers for parts f and g
a. NOPAT = Operating Income x (1 - Tax Rate)
Operating Income = 14,638 Million
Tax rate = 37%
NOPAT = 14,638* (1-0.37) = 9,221.94 Million
b. Net operating assets = Operating assets - Operating Liabilties
Operating assets = Current assets nd Operating liabilties = Current liabilties
Net operating assets (2012) = 31,358 -12,898 = 18,640 Million
Net operating assets (2011) = 25,872 - 12,028 = 13,844 Million
c. Return of Net operating assets (RNOA) = Net Income/(Fixed Assets +Net working capital)
RNOA for 2012 = 11,005/(27,893 +18,640)
RNOA for 2012 = 0.2365 = 23.65%
d. Net Non operating obligations (NNO) = Non operating liabilties - Non operating assets
Non operating liabilties (2012) = 13,136 + 3,412 + 3,702 = 20,250
Non operating Assets (2012) = Total assets - Operating (Current) assets = 84,351 -31,358 = 52,993
NNO (2012) = 20,250 -52,993 = -32,743 (Negative)
Non operating liabilties (2011) = 7084 + 2617 + 3479 = 13,180
Non operating Assets (2011) = Total assets - Operating (Current) assets = 71,119 - 25,872 = 45,247
NNO (2011) = 13,180 - 45,247 = -32,067 (Negative)
e. ROE (2012) = Net Income/Average shareholders equity
Net Income = 11,005
Average shareholders equity = (51,203 +45,911)/2 = 48,557
ROE (2012) = 11,005/48,557 = 0.2266 = 22.66%
Need answers for parts f and g
INTEL CORPORATION Consolidated Statements of Income For Fiscal Years Ended (in millions) 2012 2011 2010 Net revenue Cost of sales $53,341 $53,999$43,623 15,132 20,190 33,151 20,242 28,491 6,576 6,309 18 Gross margin Research and development Marketing, general and administrative Amortization of acquisition-related intangibles Operating expenses Operating income Gains (losses) on equity investments, net nterest and other, net Income before taxes Provision for taxes Net income 10,148 8,057 308 33,757 8,350 7,670 260 16,280 17,477 112 192 18,513 12,903 14,638 141 94 15,588 348 109 14,873 3,868 17,781 4,839 16,045 4,581 $11,005 $12,942$11,464Step by Step Solution
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