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.) -
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
