Please answer each question showing the calculations

Question 50 2016 2016 2015 170 Calculate the Net Operating Profit after Taxes for 2016 SO 190 140 130 200 360 490 390 Glocal Inc.: December 31: Balance Sheets (Millions of Dollars) Assets 2015 Liabilities and Equity Cash and equivalents 290 300 Accounts Payable Short-term investments 60 50 Notes Payable Accounts Receivable 300 400 Accruals Inventories 350 300 Current Liabilities Total Current Assets 1,000 1,050 Long-Term Bonds Total Liabilities Preferred stock Net Plant and Equipment 1,000 550 Common Stock Retained Earnings Total Common Equity Total Assets 2,000 1,600 Total Liabilities & Equity 600 400 1,090 790 540 30 40 200 170 680 600 510 880 770 2,000 1,600 Income Statement 2016 2015 590 1,600.0 1,200.0 500.0 600.0 Question 51 50.0 80.0 150.0 100.0 Calculate the Net Operating Working Capital for 2016 900.0 420.0 Net Sales Cost of goods sold except depreciation Depreciation Other operating expenses Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (40%) Net Income before preferred dividends Preferred dividends Net Income available to common stockholders 50.0 60.0 850.0 360.0 320 340.0 144.0 510.0 216.0 10.0 10.0 500.0 206.0 450 2016 2015 Additional Information Stock Price $100.00 10.00% 640 $90.00 12.00% 40.00% WACC 40.00% 3 4 Tax Rate Preffered Shares Outstanding (millions) Common Shares Outstanding (millions) Question 52 20 17 Calculate the change in Gross Fixed Assets (Capital Expenditures) for 2016 450 X 400 -50 500