Kuipers, Inc., 2019 Income Statement, ($ in millions) Net sales $1,384 Cost of goods sold 605 Depreciation 180 Earnings before interest and taxes 599 Interest paid 80 Taxable income 519 Taxes 156 Net income $ 363 Addition to retained earnings Dividends paid WACC $ 254 109 10% Kuipers, Inc., 12/31/18 and 12/31/19 Balance Sheet, ($ in millions) 2018 2019 2018 Cash $ 100 $ 121 Accounts payable $ 400 Accounts rec. 350 425 Notes payable 390 Inventory 440 410 Total $ 790 Total $ 890 $ 956 Long-term debt 500 2019 $ 350 370 $ 720 550 Net fixed assets Total assets 1,556 1,704 Owners' equity 1,156 1,390 $2,446 $2,660 Total liabilities & equity $ 2,446 $ 2,660 Question 24 (2 points) What is the firm's total net operating capital (TNOC) for 2019 I Question 25 (4 points) What is the firm's free cash flow for 2019? 4 Time Left:1:55:05 Harpreet Singh HundalAttempt 1 Question 26 (2 points) What is the firm's ROIC for 2019? Question 27 (3 points) What was the firm's economic value added for 2019