Refer to the following income statement for Cisco Systems Inc. to answer the requirements. CISCO SYSTEMS...
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Refer to the following income statement for Cisco Systems Inc. to answer the requirements. CISCO SYSTEMS INC. Fiscal year ended ($ millions) Total revenue Total cost of sales. Gross margin..... Research and development. Sales and marketing... General and administrative... Amortization of purchased intangible assets. Restructuring and other charges .. Total operating expenses.. Operating income.. Interest income. Interest expense. Other income. Interest and other income, net.. Income before provision for income taxes. Provision for income taxes... Net income... Required a. Determine net operating profit before tax (NOPBT) for fiscal 2015. b. Compute tax on operating profit for fiscal 2015. c. Compute NOPAT using the formula: NOPBT - Tax on operating profit. July 25, 2015 $49,161 19,480 29,681 6,207 9,821 2,040 359 484 18,911 10,770 (769) 566 (228) (431) 11,201 2,220 $ 8,981 Refer to the following income statement for Cisco Systems Inc. to answer the requirements. CISCO SYSTEMS INC. Fiscal year ended ($ millions) Total revenue Total cost of sales. Gross margin..... Research and development. Sales and marketing... General and administrative... Amortization of purchased intangible assets. Restructuring and other charges .. Total operating expenses.. Operating income.. Interest income. Interest expense. Other income. Interest and other income, net.. Income before provision for income taxes. Provision for income taxes... Net income... Required a. Determine net operating profit before tax (NOPBT) for fiscal 2015. b. Compute tax on operating profit for fiscal 2015. c. Compute NOPAT using the formula: NOPBT - Tax on operating profit. July 25, 2015 $49,161 19,480 29,681 6,207 9,821 2,040 359 484 18,911 10,770 (769) 566 (228) (431) 11,201 2,220 $ 8,981
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Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
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