Question: Use the data below to compute 2014 NOPAT: 2014 2013 Cash 13 15 Short-term investments 6 69 Accounts receivable 368 316 Inventories 555 417 Property,
Use the data below to compute 2014 NOPAT:
| 2014 | 2013 | |
| Cash | 13 | 15 |
| Short-term investments | 6 | 69 |
| Accounts receivable | 368 | 316 |
| Inventories | 555 | 417 |
| Property, plant & equipment (net) | 929 | 874 |
| Accounts payable | 48 | 31 |
| Short-term debt | 95 | 65 |
| Accrued liabilities | 146 | 133 |
| Long-term debt | 662 | 583 |
| Common stock | 130 | 130 |
| Retained earnings | 770 | 712 |
| Net revenue | 3,143 | 2,851 |
| Depreciation expense | 114 | 93 |
| Interest | 90 | 61 |
| Taxes | 80 | 81 |
| Net income | 253 | 121 |
(Round to the nearest whole dollar)
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