Based on the information given to him, Jeffery submits a report on January 1 with some important calculations for management to use, both for analysis and to devise an action plan. Complete the following statements in his report. If your answer is negative, use the minus sign. Itranscript Statement #1: J&H Corp.'s NOPAT is $ Statement #2: The company has Statement #3: J&H Corp. has Statement #4: J&H Corp.'s total in operating long-term assets, is equal to than the industry average of $ which is in operating assets and $ in noncash charges, and a net cash flow of $ in operating liabilities. , which consists of its net operating working capital and its total investment
Based on the information given to him, Jeffery submits a report on January 1 with some important calculations for management to use, both for analysis and to devise an action plan. Complete the following statements in his report. If your answer is negative, use the minus sign. Itranscript Statement #1: J&H Corp.'s NOPAT is $ Statement #2: The company has Statement #3: J&H Corp. has Statement #4: J&H Corp.'s total in operating long-term assets, is equal to than the industry average of $ which is in operating assets and $ in noncash charges, and a net cash flow of $ in operating liabilities. , which consists of its net operating working capital and its total investment
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:• Last year, J&H Corp. reported a book value of $300,000 in current assets, of which 35% is cash, 37% is short-term investments, and
the rest is accounts receivable and inventory.
The company reported $255,000 of current liabilities including accounts payable and accruals. Interestingly, the company had no
notes payable outstanding, and there were no changes in the company's accounts payable during the year.
• The company, however, invested heavily in plant and equipment to support its operations. It reported a book value of $480,000 for its
operating long-term assets last year.
Income Statement For the Year Ended on December 31
Net sales
Operating costs, except depreciation and amortization
Depreciation and amortization
Total operating costs
Operating income (or EBIT)
Less: Interest expense
Earnings before taxes (EBT)
Less: Taxes (40%)
Net income
J&H Corp. Industry Average
$37,000,000
29,600,000
1,480,000
31,080,000
$5,920,000
592,000
$5,328,000
2,131,200
$3,196,800
$46,250,000
37,000,000
1,850,000
38,850,000
$7,400,000
1,110,000
$6,290,000
2,516,000
$3,774,000
Transcribed Image Text:Based on the information given to him, Jeffery submits a report on January 1 with some important calculations for management to use, both for
analysis and to devise an action plan.
Complete the following statements in his report. If your answer is negative, use the minus sign.
Itranscript
Statement #1: J&H Corp.'s NOPAT is $
Statement #2: The company has $
Statement #3: J&H Corp. has $
Statement #4: J&H Corp.'s total
in operating long-term assets, is equal to $
which is
in operating assets and $
in noncash charges, and a net cash flow of $
than the industry average of $
I
in operating liabilities.
which consists of its net operating working capital and its total investment
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