Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please use the following data for the problems to follow: INCOME STATEMENT DATA ( in traditional format): Sales $ 82,000 COGS $ (45,600) Selling and

Please use the following data for the problems to follow: INCOME STATEMENT DATA ( in traditional format): Sales $ 82,000 COGS $ (45,600) Selling and admin $ (15,600) Depreciation expense $ (4,200) Interest revenue $ 1,280 Interest expense $ (2,520) Before tax income $ 15,360 Taxes on both operating and financial (20%) $ (3,072) After tax income from operations and financing activities $ 12,288 BALANCE SHEET DATA (traditional format): Operating cash $ 5,200 Accounts t receivable $ 4,800 Inventory $ 5,400 Plant prop and equip $ 9,800 Excess cash and investment $ 8,400 Total assets $ 33,600 Accounts payable $ 8,350 Accrued expenses $ 1,950 Borrowed money $ 7,300 Stockholder equity $ 16,000 Total liabilities and equity $ 33,600 Additional Information -- Over the year, the company increased working capital by $4,100 and spent $2,400 on additional plant property and equipment which is reflected in the ending 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: 2. NOPLAT _______________ 3. Operating assets________________ 4. Net operating assets or invested capital________________ 5. ROIC ______________ 6. Free cash flow ______________________

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Finance

Authors: Robert Holton

1st Edition

0415619165, 978-0415619165

More Books

Students also viewed these Finance questions

Question

Evaluate the importance of diversity in the workforce.

Answered: 1 week ago

Question

Identify the legal standards of the recruitment process.

Answered: 1 week ago