You like high dividend stocks and took note when we looked at Verizon in class this quarter. You see its the balance sheet and income statement below. Develop the managerial balance sheet and income statement. Enter your NOPAT in the box below. (Note points earned will depend on the complete statements)

(in millions)
Sales	$131,620
Cost of Sales	52,557
S G & A	45,903
EBIT	33,160
Interest Expense	4,920
EBT	28,240
Taxes	9,884
Net Income	18,356

(in millions)
Cash	$4,820
Accounts Receivable	13,457
Inventories	4,003
Current Assets	22,280
Net Fixed Assets	222,360
Total Assets	244,640

(in millions)
Accounts Payable	$28,563
Bank Loans	6,489
Current Liabilities	35,052
Long-Term Debt	193,160
Owners'Equity	16,428
Total Liab. & Equity	244,640

Answer rating: 100% (QA)

Managerial Income Statement in millions Sales 131620 Cos... View the full answer