Consider the following balance sheets and selected data from the income statement of Keith Corporation. Keith Corporation

Consider the following balance sheets and selected data from the income statement of Keith Corporation.

 

  

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Keith Corporation Balance Sheets December 31 Assets 2019 2018 Cash $1,450 $980 Marketable securities 1,850 1,200 Accounts receivabie 1,760 2,830 2,040 Inventories 2,920 Total current assets $8,260 $29,530 $6,770 Gross fixed assets $28,120 13,070 $15,050 $21,820 Less Accumulated depreciation 14,710 Net fixed assets $14,820 Total assets $23,080 Keith Corporation Balance Sheets December 31 Assets 2019 2018 Cash $1,450 $980 Marketable securities 1,850 1,200 Accounts receivabie 1,760 2,830 2,040 Inventories 2,920 Total current assets $8,260 $29,530 $6,770 Gross fixed assets $28,120 13,070 $15,050 $21,820 Less Accumulated depreciation 14,710 Net fixed assets $14,820 Total assets $23,080

Answer rating: 100% (QA)

a Net Operating Profit After Tax NOPAT for the year ended December 31st 2019 NOPAT EBIT 1Tax rate 27... View the full answer