A company has the following income statement. What is its net operating profit after taxes (NOPAT)? Sales $1,000 Costs 700 Depreciation 100 EBIT 200 Interest expense 50 EBT 150 Taxes (40%) 60 Net income 90 A. $90 B. $120 C. $150 D. $180 E. $200

A company has the following income statement. What is its net operating profit after taxes (NOPAT)? Sales $1,000 Costs 700 Depreciation 100 EBIT 200 Interest expense 50 EBT 150 Taxes (40%) 60 Net income 90 A. $90 B. $120 C. $150 D. $180 E. $200

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...

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Question

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I want to this question answer general Accounting

A company has the following income statement. What is its net operating profit
after taxes (NOPAT)?
Sales $1,000
Costs 700
Depreciation 100
EBIT 200
Interest expense 50
EBT 150
Taxes (40%) 60
Net income 90
A. $90
B. $120
C. $150
D. $180
E. $200

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Please answer very fast then i ll upvote Calculate EBIT. Revenue 1,061,751.0 Cost of sales 690,135.0 Selling, general and administration 53,087.0 Other income 11,796.0 Operating income 330,325.0 Interest expense 19,874.0 Profit before tax 310,451.0 Tax expense 46,500.0 Net income 263,951.0 The footnotes mention the following: Cost of sales includes inventory write off costs 39,677.0 Cost of sales includes distribution costs 120,458.0 SG&A includes corporate restructuring expenses 15,570.0 Responses 385,572.0 275,078.0 330,325.0 506,030.0
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The company reports the following income statement results: Gross profit $500,000 Interest expense 15,000 Sales discounts 8,000 Net Sales Operating expense Effective tax rate $ $ $ 990,000 365,000 18% Calculate Sales. Calculate Income before Income tax (IBT). Calculate net income. % Calculate the gross profit margin (one decimal place) % Calculate the profit margin (two decimal places)
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