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Selected information from the financial statements of GoPro, Inc. is provided below: ($ thousands) 2014 2013 Revenue $1,392,450 $984,725 Operating income 187,035 98,703 Net interest expense and other nonoperating expense 6,032 7,357 Net income 125,888 60,758 815,643 439,716 276,487 254,227 Operating assets Operating liabilities Assume a statutory tax rate of 35%. a. Compute GoPro's net operating profit after taxes (NOPAT) for 2014 and 2013. Round answers to the nearest whole number. 2014: $ THE FORMULA OF OPERATING INCOME TAX IS INCORRECT! 2013: $ THE FORMULA OF OPERATING INCOME TAX IS INCORRECT! b. Compute GoPro's net operating profit margin (NOPM) for each year. Round answers to one decimal place. (Ex: 0.2345 = 23.5%) 2014: 2013: c. Compute GoPro's return on net operating assets (RNOA) for 2014. Round answers to one decimal place. (Ex: 0.2345= 23.5%)

Selected information from the financial statements of GoPro, Inc. is provided below: ($ thousands) 2014 2013 Revenue $1,392,450 $984,725 Operating income 187,035 98,703 Net interest expense and other nonoperating expense 6,032 7,357 Net income 125,888 60,758 815,643 439,716 276,487 254,227 Operating assets Operating liabilities Assume a statutory tax rate of 35%. a. Compute GoPro's net operating profit after taxes (NOPAT) for 2014 and 2013. Round answers to the nearest whole number. 2014: $ THE FORMULA OF OPERATING INCOME TAX IS INCORRECT! 2013: $ THE FORMULA OF OPERATING INCOME TAX IS INCORRECT! b. Compute GoPro's net operating profit margin (NOPM) for each year. Round answers to one decimal place. (Ex: 0.2345 = 23.5%) 2014: 2013: c. Compute GoPro's return on net operating assets (RNOA) for 2014. Round answers to one decimal place. (Ex: 0.2345= 23.5%)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Selected information from the financial statements of GoPro, Inc. is provided below: ($ thousands) 2014 2013 $1,392,450 $984,725 Revenue Operating income Net interest expense and other nonoperating expense 6,032 Net income 125,888 815,643 276,487 Operating assets Operating liabilities 187,035 98,703 7,357 60,758 439,716 254,227 Assume a statutory tax rate of 35%. a. Compute GoPro's net operating profit after taxes (NOPAT) for 2014 and 2013. Round answers to the nearest whole number. 2014: $ THE FORMULA OF OPERATING INCOME - TAX IS INCORRECT! 2013: $ THE FORMULA OF OPERATING INCOME TAX IS INCORRECT! b. Compute GoPro's net operating profit margin (NOPM) for each year. Round answers to one decimal place. (Ex: 0.2345= 23.5%) 2014: 2013: c. Compute GoPro's return on net operating assets (RNOA) for 2014. Round answers to one decimal place. (Ex: 0.2345 = 23.5%)
Transcribed Image Text:Selected information from the financial statements of GoPro, Inc. is provided below: ($ thousands) 2014 2013 $1,392,450 $984,725 Revenue Operating income Net interest expense and other nonoperating expense 6,032 Net income 125,888 815,643 276,487 Operating assets Operating liabilities 187,035 98,703 7,357 60,758 439,716 254,227 Assume a statutory tax rate of 35%. a. Compute GoPro's net operating profit after taxes (NOPAT) for 2014 and 2013. Round answers to the nearest whole number. 2014: $ THE FORMULA OF OPERATING INCOME - TAX IS INCORRECT! 2013: $ THE FORMULA OF OPERATING INCOME TAX IS INCORRECT! b. Compute GoPro's net operating profit margin (NOPM) for each year. Round answers to one decimal place. (Ex: 0.2345= 23.5%) 2014: 2013: c. Compute GoPro's return on net operating assets (RNOA) for 2014. Round answers to one decimal place. (Ex: 0.2345 = 23.5%)
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