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Use information from first picture to annswer questions 11,12. 13 Use the following to answer questions 11-13 2011 Sales revenue Operating expenses Depreciation Interest expense

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Use information from first picture to annswer questions 11,12. 13

Use the following to answer questions 11-13 2011 Sales revenue Operating expenses Depreciation Interest expense Income before tox 2012 20,000 (15,500) (2.000) (1950) 1,550 (620) 930 Tax Net income Accounts receivable Inventory PP&E Accounts payable Deferred tax liability Shareholders' equity 5.400 5.900 8,000 2,200 5,200 6,200 8,000 2,400 410 16,590 300 16,800 11. What was invested Capital in 2011? a. $16,590 b. $16,800 c. $17,000 d. $17,100 12. Assuming a tax rate of 40%, what was NOPAT in 2012? a. $1500 b. $1610 C. $1710 d. $1850 13. What was Free Cash Flow in 2012? a $1500 b. $1610 C. $1670 d. $1710

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