INCOME STATEMENT DATA ( in traditional format):

Sales

$82,000

COGS

$(45,600)

Selling and admin

$(15,600)

Depreciation expense

$(4,200)

Interest revenue

$1,280

Interest expense

$(2,520)

Before tax income

$15,360

Taxes on both operating and financial (20%)

$(3,072)

After tax income from operations and financing activities

$12,288

BALANCE SHEET DATA (traditional format):

Operating cash

$5,200

Accounts t receivable

$4,800

Inventory

$5,400

Plant prop and equip

$9,800

Excess cash and investment

$8,400

Total assets

$33,600

Accounts payable

$8,350

Accrued expenses

$1,950

Borrowed money

$7,300

Stockholder equity

$16,000

Total liabilities and equity

$33,600

Additional Information -- Over the year, the company increased working capital by $4,100 and spent $2,400 on additional plant property and equipment which is reflected in the ending numbers above.

1. Using the information above please put together a reformulated income statement (of operations) below :

After completing the reformulated income statement, please calculate the following:

2. NOPLAT _______________

3. Operating assets________________

4. Net operating assets or invested capital________________

5. ROIC ______________

6. Free cash flow ______________________