Question: ($ millions) For Year Ended December 31 2017 2016 Net sales $62,484 $48,158 Cost of sales 50,414 37,640 Research and development expenses 2,110 1,584 Selling,

($ millions) For Year Ended December 31

2017

2016

Net sales

$62,484

$48,158

Cost of sales

50,414

37,640

Research and development expenses

2,110

1,584

Selling, general, and administrative expenses

4,021

2,956

Amortization of intangibles

1,013

544

Restructuring, goodwill impairment and asset-related chargesnet

3,280

595

Integration and separation costs

1,101

349

Asbestos-related charge

-

1,113

Equity in earnings of nonconsolidated affiliates

764

442

Sundry income (expense)net

966

1,452

Interest expense and amortization of debt discount

1,082

858

Income from continuing operations before income taxes

1,193

4,413

Provision (Credit for income taxes on continuing operations)

(476)

9

Income from continuing operations, net of tax

1,669

4,404

Loss from discontinued operations, net of tax

(77)

-

Net income

$1,592

$4,404

c. Compute net operating profit after taxes (NOPAT) and net operating profit margin (NOPM) for each year. Assume a statutory tax rate of 25%.

2017 2016

NOPAT (Round your answer to the nearest million dollar.) -

NOPM (Round your answer to one decimal place.) -

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