Income Statement year ending 2020 Sales Revenues $110 Cost of goods sold 48 Fixed costs Selling, general, and administrative expenses Depreciation 5 EBIT $32 Taxes Net Operating Profits after Taxes (NOPAT) *** Tax rate 30% Dividends paid $10 Partial Balance Sheet 12/31/2019 ASSETS LIABILITIES Current Assets Current Liabilities Cash $4 Accruals $7 Accounts receivable Accounts payable Inventories 6 Total current liabilities $10 Total current assets