Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Identifying Operating and Nonrecurring Income Components Following is the The Dow Chemical Company income statement. $ millions) For Year Ended December 31 2014 2013 $58,167
Identifying Operating and Nonrecurring Income Components Following is the The Dow Chemical Company income statement. $ millions) For Year Ended December 31 2014 2013 $58,167 S57,080 47,464 47,594 ,647 1,747 3,106 3,024 461 Net sales Cost of sales Research and development expenses Selling, general, and administrative expenses Amortization of intangibles Goodwill and other intangible asset impairment losses Restructuring charges (credits) Asbestos-related charge Equity in earnings of nonconsolidated affiliates sundry income (expense)-net Interest income Interest expense and amortization of debt discount 436 50 (3) 22) 78 835 1,034 (27) 2,554 51 983 1,101 ,265 6,804 1,426 1,988 $3,839 $4,816 Income before income taxes Provision for income taxes Net income C. Compute net operating profit after taxes (NOPAT) and net operating profit margin (NOPM) for each year Assume a statutory tax rate of 35%. 2014 2013 NOPAT (Round your answer to the nearest million dollar.) million million NOPM (Round your answer to one decimal place.) 26
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started