Q1 A company has the following balance sheet. What is its net operating working capital? Cash Short-term investments Accounts receivable Inventory Current assets Net fixed assets $ 10 20 30 40 100 80 Accounts payable Accruals Notes payable Current liabilities Long-term debt Common equity Retained earnings Total liab. & equity $ 20 30 20 70 30 10 70 $180 Total assets $180 Q2 A company has the following income statement. What is its net operating profit after taxes (NOPAT)? Sales Costs Depreciation EBIT Interest expense EBT Taxes (40%) Net income $1.000 700 100 $ 200 50 $ 150 60 $ 90 Q3 Bates Motors has the following information for the previous year: Net income = $200; Net operating profit after taxes (NOPAT) = $300; Total assets = $1,000; and Total net operating capital = $800. The information for the current year is: Net income = $500; Net operating profit after taxes (NOPAT) = $400; Total assets = $1,300; and Total net operating capital = $900. What is the free cash flow for the current year? Q4 Casey Motors recently reported the following information: . Net income = $600,000. Tax rate = 40%. Interest expense = $200,000. Operating capital = $9 million. After-tax cost of capital = 10%. . What is the company's EVA? Q5 Zumbahlen Inc. has the following balance sheet. How much total operating capital does the firm have? Cash Short-term investments Accounts receivable Inventory Current assets Gross fixed assets Accumulated deprec. Net fixed assets Total assets $ 20.00 50.00 20.00 60.00 $150.00 $140.00 40.00 $100.00 $250.00 Accounts payable Accruals Notes payable Current liabilities Long-term debt Common stock Retained earnings Total common equity Total liab. & equity $ 30.00 50.00 30.00 $110.00 70.00 30.00 40.00 $ 70.00 $250.00