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Reoganize the following financial statements in order to calculate NOPLAT and Invested Capital Below Income Statement 2010 2011 Consolidated Balance Sheets - USD ($) $

Reoganize the following financial statements in order to calculate NOPLAT and Invested Capital Below
Income Statement 2010 2011 Consolidated Balance Sheets - USD ($) $ in Millions 2010 2011
NET SALES 28,108 26,472 Assets:
Cost of Sales (18,647) (17,545) Excess Cash and Cash Equivalents 4,830 2,538
GROSS PROFIT 9,461 8,927 Operating Cash 626 608
Accounts Recievable 2,187 2,029
Selling, General and Administrative (4,549) (4,388) Merchandise Inventories 12,868 12,549
Depreciation and Amortization (449) (436) Total Current Assets 20,511 17,724
Total Operating Expenses (4,998) (4,824)
Net Property and Equipment 22,035 21,914
OPERATING INCOME 4,463 4,103 Goodwill 2,235 2,093
Other Assets 1,178 1,235
Interest and Investment Income 16 8 Total Assets 45,959 42,966
Interest Expense (265) (236)
Interest and Other, net (249) (228) Liabilities:
Earnings Before Taxes 4,214 3,875 Short-Term Debt - 710
Accounts Payable 8,541 7,000
Taxes (1,542) (1,434) Accrued Salaries and Related Expenses 1,503 1,484
Net Income 2,672 2,441 Other Accrued Expenses 5,779 4,939
Total Current Liabilities 15,823 14,133
Long-Term Debt, excluding current installments 24,422 22,349
Other Long-Term Liabilities 1,923 1,855
Deferred Income Taxes 237 296
Total Liabilities 42,405 38,633
STOCKHOLDERS' EQUITY
Common Stock 89 88
Retained Earnings 47,549 44,439
Treasury Stock (44,084) (40,194)
Total Stockholders Equity 3,554 4,333
Total Liabilities and Stockholders' Equity 45,959 42,966
Reorganized Financial Statements Operating Tax Rate 21%
NOPLAT 2010 2011 Invested Capital 2010 2011
NOPLAT
Invested Capital

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