INCOME STATEMENT DATA ( in traditional format):

Sales $ 82,000

COGS $ (43,600)

Selling and admin $ (15,600)

Depreciation expense $ (4,200)

Interest revenue $ 1,280

Interest expense $ (4,520)

Before tax income $ 15,360

Taxes on both operating and financial (25%) $ (3,840)

After tax income from operations and financing activities $ 11,520

BALANCE SHEET DATA (traditional format):

Operating cash $ 3,200

Accounts receivable $ 4,800

Inventory $ 5,400

Plant prop and equip $ 9,800

Excess cash and ancillary investments $ 9,400

Total assets $ 32,600 Accounts payable $ 4,350

Accrued expenses $ 1,950

Borrowed money $ 7,300

Stockholder equity $ 19,000

Total liabilities and equity $ 32,600

Additional Information -- Over the year, the company increased working capital by $5,400 and spent $3,800 on additional plant property and equipment which is reflected in the ending balance sheet numbers above.

1. Using the information above please put together a reformulated income statement (of operations) below:

After completing the reformulated income statement, please calculate the following:

NOPLAT _______________

Operating assets________________

Net operating assets or invested capital________________

ROIC ______________

Free cash flow ______________________