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%)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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
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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