What is the firm’s NOPAT?

What is the firm’s NOWAC?

What is the firm’s TNOC?

What is the firm’s MVA?
  

Transcribed Image Text:

Pettijohn Inc. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depr'n Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) Common dividends (millions) Interest rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 2017 244 390 7,530 6,940 10,980 9,570 18,754 16,900 17,990 18,230 36,744 35,130 6,990 5,320 4,120 16,430 10,920 27,350 3,360 6,034 9,394 36,744 2017 51,561 47,252 980 3,329 508 2,821 987 1,834 175.00 825.15 2016 6.25% 0.35 55.00 6,850 5,900 3,900 16,650 10,920 27,570 3,360 4,200 7,560 35,130 Pettijohn Inc. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depr'n Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) Common dividends (millions) Interest rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 2017 244 390 7,530 6,940 10,980 9,570 18,754 16,900 17,990 18,230 36,744 35,130 6,990 5,320 4,120 16,430 10,920 27,350 3,360 6,034 9,394 36,744 2017 51,561 47,252 980 3,329 508 2,821 987 1,834 175.00 825.15 2016 6.25% 0.35 55.00 6,850 5,900 3,900 16,650 10,920 27,570 3,360 4,200 7,560 35,130

Answer rating: 100% (QA)

To calculate the firms NOPAT Net Operating Profit After Tax you need to subtract the tax expense fro... View the full answer