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. Acme Products, Inc. Balance Sheets Income Statement ASSETS current yr prior yr current yr Cash 500 400 Sales (all credit) 7,500 Receivables 750 600 Cost of Goods Sold 3,500 Inventory 1,125 900 Gross Profit 4,000 Property, plant & equipment 2,750 2,200 1,400 Total assets 5,125 4,100 Operating expenses Depreciation Opertating income 400 2,200 LIABILITIES & EQUITY Interest expense 100 Accounts payables 625 500 Taxable income 2,100 Accrued expenses 500 400 Taxes (30%) 630 Long-term debt 1,750 1,400 Net income 1,470 Common stock 750 600 250 200 Paid-in Capital Retained earnings Total liabilities and equity 1,250 1,000 5,125 4,100