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Use the following information to answer the questions that follow.. The Big Cheese Company 2019 2020 Interest Expense Cash Property, Plant, and Equipment Inventories Payables

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Use the following information to answer the questions that follow.. The Big Cheese Company 2019 2020 Interest Expense Cash Property, Plant, and Equipment Inventories Payables Gross Profit Bonds (LT Debt) Salaries Receivables Administrative Dividends Loans from Bank (ST) Investments (ST) Revenues Depreciation Sales and Distribution Investments (LT) 200 180 16000 1500 1750 4000 1500 1600 200 400 200 0 1100 6000 800 400 6000 1950 30 39550 150 5600 9200 9000 3230 50 380 0 3000 0 13300 2000 850 0 * All values given are in 1000s of dollars. Asset values are net of depreciation. 3. Compute combined corporate taxes for Big Cheese for both 2019 and 2020. Here are two additional facts about The Cheese" as it is fondly referred to by management: 1) According to Canada Revenue it is a small corporation. 2) It is based in P.E.I and thus pays only 10% federal and 3.5% provincial tax on the first $500,000 it earns, and then pays 15% federal and 16% provincial tax on the remainder. 4. Calculate NOPAT for 2019 and 2020; use your answers to Q3 in these calculations. Then calculate ROA for 2020

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