Intro Below is the balance sheet for Northern Comfort Company for December 31 of 2020 and 2021. 2020 2021 2020 2021 Cash 900 1,000 Accounts payable 2,700 3,000 Accounts receivable 2,700 3,000 Current liabilities 2,700 3,000 Inventory 2,700 3,000 Long-term debt 5,400 6,000 Current assets 6,300 7,000 Total liabilities 8,100 9,000 Net fixed assets Total assets 11,700 13,000 Equity 9,900 11,000 18,000 20,000 Total liab. & equity 18,000 20,000 The income statement for 2021 is also given: Amount Sales 48,000 Cost 26,400 Depreciation 7,200 EBIT 14,400 Interest 4,800 EBT 9,600 Taxes 2,688 Net income 6,912

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question

Calculate NOPAT, Net operting Working capital, Capital expenditure and free cash flow for 2021

Intro
Below is the balance sheet for Northern Comfort Company for December 31 of
2020 and 2021.
2020
2021
2020
2021
Cash
900 1,000
Accounts payable
2,700
3,000
Accounts receivable 2,700 3,000
Current liabilities
2,700
3,000
Inventory
2,700 3,000
Long-term debt
5,400
6,000
Current assets
6,300 7,000
Total liabilities
8,100 9,000
Net fixed assets
11,700 13,000
Equity
9,900 11,000
Total assets
18,000 20,000
Total liab. & equity 18,000 20,000
The income statement for 2021 is also given:
Amount
Sales
48,000
Cost
26,400
Depreciation
7,200
EBIT
14,400
Interest
4,800
EBT
9,600
Тахes
2,688
Net income
6,912
Transcribed Image Text:Intro Below is the balance sheet for Northern Comfort Company for December 31 of 2020 and 2021. 2020 2021 2020 2021 Cash 900 1,000 Accounts payable 2,700 3,000 Accounts receivable 2,700 3,000 Current liabilities 2,700 3,000 Inventory 2,700 3,000 Long-term debt 5,400 6,000 Current assets 6,300 7,000 Total liabilities 8,100 9,000 Net fixed assets 11,700 13,000 Equity 9,900 11,000 Total assets 18,000 20,000 Total liab. & equity 18,000 20,000 The income statement for 2021 is also given: Amount Sales 48,000 Cost 26,400 Depreciation 7,200 EBIT 14,400 Interest 4,800 EBT 9,600 Тахes 2,688 Net income 6,912
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

Blurred answer
Knowledge Booster
Capital Budgeting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education