Question
INCOME STATEMENT DATA ( in traditional format): Sales $ 82,000 COGS $ (43,600) Selling and admin $ (15,600) Depreciation expense $ (4,200) Interest revenue $
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 ______________________
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