Previous Page Next Page 2020 270 Lothbrok Industries Ltd. Income Statement (Millions USD) Revenue Cost Of Goods Sold Gross Profit Selling General & Admin Exp. Depreciation & Amort. Operating Income Interest Expense Earnings Before Tax Income Tax Expense Net Income 154 116 74 10 32 6 26 8 18 Per Share Items EPS Common Shares Outstanding (millions) Dividends per Share Payout Ratio % $0.40 44.1 $0.15 36.9% Lothbrok Industries Ltd. Balance Sheet, (millions USD) ASSETS 2019 2020 indows 2019 2020 Lothbrok Industries Ltd. Balance Sheet, (millions USD) ASSETS Cash And Equivalents Accounts Receivable Inventory Prepaid Exp. Total Current Assets Gross Property, Plant & Equipment Accumulated Depreciation Net Property, Plant & Equipment Other Non-operating Assets Total Assets 21 115 4 140 230 (88) 142 - 50 332 21 120 4 145 244 (86) 158 52 355 26 LIABILITIES Accounts Payable Accrued Exp. Short-term Borrowings Other Current Liabilities Total Current Liabilities Long-Term Debt Other Non-Current Liabilities Total Liabilities 25 8 27 11 71 76 18 165 37 14 77 70 29 176 Total Equity 167 179 GIOSS Property, Piani & Equipment Accumulated Depreciation Net Property, Plant & Equipment Other Non-operating Assets Total Assets LJU (88) 142 50 332 244 (86) 158 52 355 26 25 8 27 11 LIABILITIES Accounts Payable Accrued Exp. Short-term Borrowings Other Current Liabilities Total Current Liabilities Long-Term Debt Other Non-Current Liabilities Total Liabilities 71 37 14 77 70 29 176 76 18 165 Total Equity Total Liabilities And Equity 167 332 179 355 Based on the financial information provided for Lothbrok Industries, Lothbrok expects to reach a sales level of $324 million for next year (2021) and management believes all assets will grow with sales proportionately. The company expects to continue paying the same dividend per share for the next several years Question 1 (4 points) Based on the financial information provided for Lothbrok Industries, calculate the company's total net operating capital for 2020