Use the financial statements below to calculate the firm's NOPAT (net operating profit after taxes). You must type in both the answer and all of your work to receive credit. Acme Products, Inc. Balance Sheets Acme Products, Inc. Income Statement prior ASSETS current yr current yr yr Cash 500 400 Sales (all credit) 7,000 Receivables 750 600 Cost of Goods Sold 4,000 Inventory 1,125 900 Gross Profit 3,000 Property, plant & equipment 2,750 2,200 Operating expenses 1,400 Total assets 5,125 4,100 Depreciation 400 Opertating income 1,200 LIABILITIES & EQUITY Interest expense 100 Accounts payables 625 500 Taxable income 1,100 Accrued expenses Long-term debt 500 400 Taxes (20%) 385 1,750 1,400 Net income 880 Common stock 750 600 Paid-in Capital 250 200 Retained earnings 1,250 1,000 Total liabilities and equity 5,125 4,100