Refer to the above financials for XYZ Company. How much net operating profit after taxes (NOPAT)...

 

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Refer to the above financials for XYZ Company. How much net operating profit after taxes (NOPAT) did XYZ earn in 2020? Assume the tax rate is 25%. BALANCE SHEET - IBC Company (December 31) (in millions of dollars) Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity INCOME STATEMENT - IBC Company (in millions of dollars) Net sales Operating costs except depreciation and amortization Depreciation and amortization Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Taxes (25%) Net income PER-SHARE DATA Common stock price S $ $ $ S $ $ $ $ 2020 2,115 $ 576 2,270 S 1,555 $ 2,215 1,604 4,395 8,894 $ 6,545 14,833 $ 10,940 5,940 $ 1,108 S 1,213 2,670 791 770 1,641 4,990 $ 3,202 4,747 3,829 7,031 9,737 S 2019 500 4,596 2020 $ 20,213 $ $ 15,564 $ S 1,186 $ S 3,463 $ $ 297 $ $ 3,166 $ $ 792 $ $ 2,375 $ 500 3,409 $ 5,096 $ 3,909 $ 14,833 $ 10,940 2019 19,250 15,015 935 3,300 164 3,136 784 2,352 2020 2019 $ 229.34 $ 175.91 STATEMENT OF CASH FLOW-IBC Company (in millions of dollars) Operating Activities Net income Depreciation and amortization Decrease (increase) in inventories Decrease (increase) in accounts receivable Increase (decrease) in accounts payable Increase (decrease) in accrued wages and taxes Net cash provided by (used in) operating activities Investing Activities Additions to property, plant, and equipment Net cash used in investing activities Financing Activities Increase (decrease) in notes payable Increase (decrease) in bonds outstanding Payment of dividends to stockholders Net cash provided by financing activities Summary Net change in cash and equivalents: Cash and equivalents at the beginning of the year Cash and equivalents at the end of the year $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2020 2,375 1,186 49 (55) 316 443 4,314 (3,534) (3,534) 1,029 918 (1.187) 759 1,539 576 2,115 Refer to the above financials for XYZ Company. How much net operating profit after taxes (NOPAT) did XYZ earn in 2020? Assume the tax rate is 25%. BALANCE SHEET - IBC Company (December 31) (in millions of dollars) Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity INCOME STATEMENT - IBC Company (in millions of dollars) Net sales Operating costs except depreciation and amortization Depreciation and amortization Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Taxes (25%) Net income PER-SHARE DATA Common stock price S $ $ $ S $ $ $ $ 2020 2,115 $ 576 2,270 S 1,555 $ 2,215 1,604 4,395 8,894 $ 6,545 14,833 $ 10,940 5,940 $ 1,108 S 1,213 2,670 791 770 1,641 4,990 $ 3,202 4,747 3,829 7,031 9,737 S 2019 500 4,596 2020 $ 20,213 $ $ 15,564 $ S 1,186 $ S 3,463 $ $ 297 $ $ 3,166 $ $ 792 $ $ 2,375 $ 500 3,409 $ 5,096 $ 3,909 $ 14,833 $ 10,940 2019 19,250 15,015 935 3,300 164 3,136 784 2,352 2020 2019 $ 229.34 $ 175.91 STATEMENT OF CASH FLOW-IBC Company (in millions of dollars) Operating Activities Net income Depreciation and amortization Decrease (increase) in inventories Decrease (increase) in accounts receivable Increase (decrease) in accounts payable Increase (decrease) in accrued wages and taxes Net cash provided by (used in) operating activities Investing Activities Additions to property, plant, and equipment Net cash used in investing activities Financing Activities Increase (decrease) in notes payable Increase (decrease) in bonds outstanding Payment of dividends to stockholders Net cash provided by financing activities Summary Net change in cash and equivalents: Cash and equivalents at the beginning of the year Cash and equivalents at the end of the year $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 2020 2,375 1,186 49 (55) 316 443 4,314 (3,534) (3,534) 1,029 918 (1.187) 759 1,539 576 2,115

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