Use the companys financial data to answer the questions. A. Determine the net operating profit after taxes for 2015.

B. What are the amounts of net operating working capital for 2015 and 2014?

C. Determine the amount of total net operating capital (invested capital) for 2015 and 2014.

D. What is the free cash flow for 2015?

E. What are the uses of free cash flow?

F. What is the return on invested capital for 2015?

G. Assume that the after-tax cost of funds is 14%. What is the economic value added for 2015?

Use the company's financial data to answer the questions. Profit and Loss Account for Year ending Dec 31 (in millions) 2015 2014 Sales Operating costs excluding depreciation Depreciation Earnings before interest and taxes Less: Interest Earnings before taxes Taxes (40%) Net income Common dividends 11,000 9,360 380 1,260 120 1,140 456 648 220 10,000 8,500 360 1,140 100 1,040 416 624 200 Balance Sheets as of Dec 31 (in millions) 2015 2014 550 110 2,750 1,650 5,060 3,850 8,910 500 100 2,500 1,500 4,600 3,500 8,100 ASSETS Cash Short-term investments Accounts receivable Inventories Total current assets Net plant and equipment Total assets LIABILITIES AND EQUITY Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 1,100 550 384 2,034 1,100 3,134 4,312 1,464 5,776 8,910 1,000 500 200 1,700 1,000 2,700 4,400 1,000 5,400 8,100