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 ASSETS Cash Receivables Inventory Property, plant & equipment Total assets LIABILITIES & EQUITY Accounts payables Accrued expenses Long-term debt Common stock Paid-in Capital Retained earnings Total liabilities and equity current yr 500 750 1,125 2,750 5,125 625 500 1,750 750 250 1 ,250 5,125 prior yr 400 600 900 2,200 4,100 500 400 1 ,400 600 200 1 ,ooo 4,100 Sales (all credit) Cost of Goods Sold Gross Profit Operating expenses Depreciation Opertating income Interest expense Taxable income Taxes (25%) Net income current yr 7,000 4,000 3,000 1 ,400 400 1 ,200 100 1,100 275 825