undefined

Using the information below, calculate the 2020 net operating profit after taxes (NOPAT). Income Statement for Year Ending December 31 (Millions of dollars) 2020 2019 Sales $20,880 $18,000 14,616 12,600 Operating costs excluding depreciation Depreciation and amortization Earning before interest and taxes 550 500 $5,714 $4,900 200 262 Interest expense Pre-tax income $5,514 $4,638 Taxes (40%) 2,206 1,855 Net income available to common stockholders $3,308 $2,783 Common dividends $662 $557 $3.083 $3,364 $3,428 C$3,395