Question
1. You standardize a companys financial statements as follows. Following the example of Bega Cheese in the textbook, please calculate the following items: a. NOPAT
1. You standardize a company’s financial statements as follows. Following the example of Bega Cheese in the textbook, please calculate the following items:
a. NOPAT
b. Net operating working capital
c. Net long-term assets
d. Net debt
BALANCE SHEET | ||||
ASSETS | INCOME STATEMENT | |||
Cash and Marketable Securities | 11,511.00 | |||
Accounts Receivable | 4,430.00 | Sales | 35,200.00 | |
Inventory | 2,650.00 | Cost of Goods Sold | 11,234.00 | |
Other Current Assets | 2,988.00 | Gross Profit | 23,966.00 | |
Total Current Assets | 21,579.00 | SG&A | 13,179.00 | |
Other Operating Expenses | 1,703.00 | |||
Long-Term Tangible Assets | 16,672.00 | Operating Income | 9,084.00 | |
Long-Term Intangible Assets | 26,909.00 | Investment Income | 0.00 | |
Other Long-Term Assets | 7,663.00 | Other Income, net of Other Expense | 4,425.00 | |
Total Long-Term Assets | 51,244.00 | Other Income | 5,312.00 | |
Total Assets | 72,823.00 | Other Expense | 887.00 | |
Net Interest Expense (Income) | 291.00 | |||
LIABILITIES | Interest Income | 317.00 | ||
Accounts Payable | 1,887.00 | Interest Expense | 608.00 | |
Short-Term Debt | 9,376.00 | Non-controlling interests | 50.00 | |
Other Current Liabilities | 7,245.00 | Pretax Income | 13,168.00 | |
Total Current Liabilities | 18,508.00 | Tax Expense | 2,384.00 | |
Unusual Gains, Net of Unusual Losses | 1,025.00 | |||
Long Term Debt | 14,041.00 | Net Income | 11,809.00 | |
Deferred Taxes | 4,163.00 | Preferred Dividends | 0.00 | |
Other Long-Term Liabilities | 4,794.00 | Net Income to Common | 11,809.00 | |
Total Long-Term Liabilities | 22,998.00 | |||
Total Liabilities | 41,506.00 | |||
SHAREHOLDERS' EQUITY | ||||
Non-controlling interests | 314.00 | |||
Preferred Stock | 0.00 | |||
Common Shareholder's Equity | 31,003.00 | |||
Total Shareholder's Equity | 31,003.00 | |||
TOTAL LIABILITIES & EQUITY | 72,823.00 |
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