Question
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 ______________________
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