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I need help solving for RNOA, Net Income, and ROCE. The condensed balance sheet for Zear at the end of fiscal Year 8 follows (the

I need help solving for RNOA, Net Income, and ROCE.

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The condensed balance sheet for Zear at the end of fiscal Year 8 follows (the tax rate is 50%) Liabilities and equity Current liabilities. 6% preferred stock, 10,000 shares. Assets (1)Calculating RNOA RNOA NOPAT NOA at end of year Current assets $2,000,000 Cash Receivables 1,000,000 2,500,000 Common stook 5,500,000Retained 1,800,000 1,200,000 where NOA8000000 Correct -2000000 Correct -6000000 Correct Operating assets Operating liabilities NOA Fixed assets (net).... otal assets.. ...$8,000,000 Total liabilities and equity... . $8,000,000 (OR OE) (1-tax rate) NOPAT where NOPAT-5000000 4050000 0.5 475000 Required a. Compute Zear's return on invested capital for Year 8 where invested capital is: Correct Correct Correct Correct (1) Net operating assets at end of Year 8 (assume all assets and crrent labilities are operating) (2) Common equity capital at end of Year 8 Other information available: Operatng Reven Cost of goods sold: 3350000 nterest cost: Salaries expense: 5000000 150000 700000 0.08 950000 (do not round) (2) Calculating ROCE ROCE = ncome- preferred div Common shareholders' Equity at end of year nter amount Correct ROCE 60000 3000000.00 Correct ROCE do not round)

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