Question 5 Partially correct Mark 14.45 out of 16.67 Flag question Identifying Operating and Nonrecurring Income Components Following is the The Dow Chemical Company income statement. ($ millions) For Year Ended December 31 2014 2013 Net sales $58,167 $57,080 Cost of sales 47,464 47,594 Research and development expenses 1,647 1,747 Selling, general, and administrative expenses 3,106 3,024 Amortization of intangibles 436 461 Goodwill and other intangible asset impairment losses 50 Restructuring charges (credits) (3) (22) Asbestos-related charge 78 Equity in earnings of nonconsolidated affiliates 835 1,034 Sundry income (expense)-net (27) 2,554 Interest income 51 41 Interest expense and amortization of debt discount 983 1,101 Income before income taxes 5,265 6,804 Provision for income taxes 1,426 1,988 Net income $3,839 $4,816 C. Compute net operating profit after taxes (NOPAT) and net operating profit margin (NOPM) for each year. Assume a statutory tax rate of 35%. 2014 2013 0 x $ 0 x NOPAT (Round your answer to the nearest million dollar.) $ NOPM (Round your answer to one decimal place.) 0 % x 0% X Check