rap laut A-A- I General $ - % -3 WE 47 HI & Insert Delete - Format Merge & Center Conditional Format as Cell Formatting Table Styles Font Alignment Sort & Find & Filter Select Editing Number Cells X G H M N o U REQUIRED: For a) and b). Round to one decimal place For c), use the % sign and Round to one decimal place Compute net operating profit after tax (NOPAT) for 2016 and 2015. Assume that combined federal and state statutory tax rates are 37% for fiscal 2016 and 2015 2016 tax shield fa Cost of goods sold D 2015 A B 24 Snap-On Incorporated 25 Consolidated Balance Sheets 26 Fiscal Year End 27 (Amounts in millions) 2016 28 29 Cash and cash equivalents $77.60 30 Trade and other accounts receivable - 598.8 31 Finance receivables - net 472.5 32 Contract receivables - net 88.1 33 Inventories - net 530.5 34 Deferred income tax assets 0 35 Prepaid expenses and other assets 116.5 36 Total current assets 1.884.00 37 Property and equipment - net 425.2 38 Deferred income tax assets 72.8 39 Long-term finance receivables - net 934,3 40 Long-term contract receivables - net 286.7 41 Goodwill 895.5 42 Other intangibles - net 184.6 43 Other assets 39 9 44 Total assets 4.723.00 22 08 04 DI NOTIUSO delete $92 80 562.5 447.3 82.1 497.8 109.9 106.3 1.898.70 413.5 106.3 772.7 266.6 790.1 195 44 4.486.90 VA RN File Home Insert Page Layout Formulas Data Review View Help Times New Roman 11 Paste A A== 25 Wrap Text BIU - - A.A. Merge & Center Clipboard Font Alignment AutoSave OH - A9 fx Cost of goods sold B D A 46 Accounts payable 47 Accrued benefits 48 Accrued compensation 49 Franchisee deposits 50 Other accrued liabilities 51 Total current liabilities 52 Long-term debt 53 Deferred income tax liabilities 54 Retiree health care benefits 55 Pension liabilities 56 Other long-term liabilities 57 Total liabilities 58 59 Preferred stock 60 Common stock 61 Additional paid-in capital 62 Retained earnings 63 Accumulated other comprehensive ince 64 Treasury stock at cost 65 Total shareholders' equity attributablet -66 Noncontrolling interests Q Q2 Q 04 170.9 52.8 89.8 66.7 307.9 989.5 1010.2 13.1 36.7 246.5 93.4 2,088.00 148.3 52.1 91 64.4 296.3 670.5 880.1 169.8 37.9 227.8 S8.5 $2.056.20 674 3173 3,384.90 -498.3 -653.9 2.617.20 18 DO NOT USE OF delete $67.40 296,3 2.986.90 -364.2 -573.7 2,412.70 18 AGO TOS B D E 66.7 307.9 989.5 1010.2 13.1 36.7 246.5 93.4 2,088.00 64.4 296.3 670.5 880.1 169.8 37.9 227.8 88.5 $2,056.20 A 49 Franchisee deposits 50 Other accrued liabilities 51 Total current liabilities 52 Long-term debt 53 Deferred income tax liabilities 54 Retiree health care benefits 55 Pension liabilities 56 Other long-term liabilities 57 Total liabilities 58 59 Preferred stock 60 Common stock 61 Additional paid-in capital 62 Retained earnings 63 Accumulated other comprehensive inc 64 Treasury stock at cost 65 Total shareholders' equity attributable t 66 Noncontrolling interests 67 Total shareholders' equity 68 Total liabilities and shareholders equity 69 01 02 Q3 Q4 67.4 317.3 3,384.90 -498.5 -653.9 2,617.20 18 2,635.20 $4,723.20 $67.40 296.3 2,986.90 -364.2 -573.7 2,412.70 18 2,430.70 $4,486.90 DO NOT USE or delete Ready A rap laut A-A- I General $ - % -3 WE 47 HI & Insert Delete - Format Merge & Center Conditional Format as Cell Formatting Table Styles Font Alignment Sort & Find & Filter Select Editing Number Cells X G H M N o U REQUIRED: For a) and b). Round to one decimal place For c), use the % sign and Round to one decimal place Compute net operating profit after tax (NOPAT) for 2016 and 2015. Assume that combined federal and state statutory tax rates are 37% for fiscal 2016 and 2015 2016 tax shield fa Cost of goods sold D 2015 A B 24 Snap-On Incorporated 25 Consolidated Balance Sheets 26 Fiscal Year End 27 (Amounts in millions) 2016 28 29 Cash and cash equivalents $77.60 30 Trade and other accounts receivable - 598.8 31 Finance receivables - net 472.5 32 Contract receivables - net 88.1 33 Inventories - net 530.5 34 Deferred income tax assets 0 35 Prepaid expenses and other assets 116.5 36 Total current assets 1.884.00 37 Property and equipment - net 425.2 38 Deferred income tax assets 72.8 39 Long-term finance receivables - net 934,3 40 Long-term contract receivables - net 286.7 41 Goodwill 895.5 42 Other intangibles - net 184.6 43 Other assets 39 9 44 Total assets 4.723.00 22 08 04 DI NOTIUSO delete $92 80 562.5 447.3 82.1 497.8 109.9 106.3 1.898.70 413.5 106.3 772.7 266.6 790.1 195 44 4.486.90 VA RN File Home Insert Page Layout Formulas Data Review View Help Times New Roman 11 Paste A A== 25 Wrap Text BIU - - A.A. Merge & Center Clipboard Font Alignment AutoSave OH - A9 fx Cost of goods sold B D A 46 Accounts payable 47 Accrued benefits 48 Accrued compensation 49 Franchisee deposits 50 Other accrued liabilities 51 Total current liabilities 52 Long-term debt 53 Deferred income tax liabilities 54 Retiree health care benefits 55 Pension liabilities 56 Other long-term liabilities 57 Total liabilities 58 59 Preferred stock 60 Common stock 61 Additional paid-in capital 62 Retained earnings 63 Accumulated other comprehensive ince 64 Treasury stock at cost 65 Total shareholders' equity attributablet -66 Noncontrolling interests Q Q2 Q 04 170.9 52.8 89.8 66.7 307.9 989.5 1010.2 13.1 36.7 246.5 93.4 2,088.00 148.3 52.1 91 64.4 296.3 670.5 880.1 169.8 37.9 227.8 S8.5 $2.056.20 674 3173 3,384.90 -498.3 -653.9 2.617.20 18 DO NOT USE OF delete $67.40 296,3 2.986.90 -364.2 -573.7 2,412.70 18 AGO TOS B D E 66.7 307.9 989.5 1010.2 13.1 36.7 246.5 93.4 2,088.00 64.4 296.3 670.5 880.1 169.8 37.9 227.8 88.5 $2,056.20 A 49 Franchisee deposits 50 Other accrued liabilities 51 Total current liabilities 52 Long-term debt 53 Deferred income tax liabilities 54 Retiree health care benefits 55 Pension liabilities 56 Other long-term liabilities 57 Total liabilities 58 59 Preferred stock 60 Common stock 61 Additional paid-in capital 62 Retained earnings 63 Accumulated other comprehensive inc 64 Treasury stock at cost 65 Total shareholders' equity attributable t 66 Noncontrolling interests 67 Total shareholders' equity 68 Total liabilities and shareholders equity 69 01 02 Q3 Q4 67.4 317.3 3,384.90 -498.5 -653.9 2,617.20 18 2,635.20 $4,723.20 $67.40 296.3 2,986.90 -364.2 -573.7 2,412.70 18 2,430.70 $4,486.90 DO NOT USE or delete Ready A