Task 2:

Use the companys financial data to answer the questions.

												2015			2014
Assets
Cash										102,850					89,725
Accounts receivable										103,365					85,527
Inventories												38,444			34,982
Total current assets												244,659				210,234
Net fixed assets												67,165		42,436
Total assets												311,824		252,670
Liabilities and equity
Accounts payable												30,761		23,109
Accruals												30,477		22,656
Notes payable												16,717		14,217
Total current liabilities												77,955		59,982
Long-term debt												76,264		63,914
Total liabilities												154,219		123,896
Common stock												100,000		90,000
Retained earnings												57,605		38,774
Total common equity												157,605		128,774
Total liabilities and equity												311,824		252,670
													2015
Sales											455,150
Expenses excl. depreciation and amortization											386,878
EBITDA											68,273
Depreciation and amortization											7,388
EBIT											60,884
Interest expense											8,575
EBT											52,309
Taxes (40%)											20,924
Net Income											31,386

1. Determine the net operating profit after taxes for 2015, What are the amounts of net operating working capital for 2015 and 2014?, Determine the amount of total net operating capital (invested capital) for 2015 and 2014, What is the free cash flow for 2015?, Find the economic value added for 2015. Assume that the firms after-tax cost of capital was 12% and What is the return on invested capital for 2015?