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Rhodes Corporation Income Statements 2015 2014 Sales $27,500 $25,000 Operating costs excluding depreciation $23,400 $21,250 Depreciation and amortization $950 $900 Earnings before interest and taxes

Rhodes Corporation Income Statements 2015 2014
Sales $27,500 $25,000
Operating costs excluding depreciation $23,400 $21,250
Depreciation and amortization $950 $900
Earnings before interest and taxes $3,150 $2,850
Less interest $300 $250
Pre-tax income $2,850 $2,600
Taxes (40%) $1,140 $1,040
Net income available to common stockholders $1,710 $1,560
Common dividends $550 $500
Rhodes Corporation Balance Sheets 2015 2014
Assets 2015 2014
Cash $1,375 $1,250
Short-term investments $275 $250
Accounts receivable $6,875 $6,250
Inventories $4,125 $3,750
Total current assets $12,650 $11,500
Net plant and equipment $9,625 $8,750
Total assets $22,275 $20,250
Liabilities and Equity
Accounts payable $2,750 $2,500
Accruals $1,375 $1,250
Notes payable $960 $500
Total current liabilities $5,085 $4,250
Long-term debt $2,750 $2,500
Total liabilities $7,835 $6,750
Common stock $10,780 $11,000
Retained earnings 3,660 $2,500
Total common equity $14,440 $13,500
Total liabilities and equity $22,275 $20,250

What is the net operating profit after taxes (NOPAT) for Rhodes Corporation for the year 2015?

$1,560
$756
$1,710
$1,260
$1,890

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