Please calculate NOPAT (tax rate = 53%). NOA, NNO. Thank you. 2017 10715 91156 1
ID: 340653 • Letter: P
Question
Please calculate NOPAT (tax rate = 53%). NOA, NNO. Thank you.
2017 10715 91156 18336 749 0 0 3352 124308 Cash short term investment receivables inventories deferred income taxes prepaid expenses Other current assets Total current assets Non-current assets property, plant and equipment, gross Depreciation property, plant and equipment, net equity and other investment Goodwill intangible assets deferred income taxes other long term assets Total non-current assets Total assets 59647 17264 42383 7813 16747 2692 680 2672 72987 197295Explanation / Answer
NOPAT (Net Operating Profit after tax)= (1-Tax Rate)*Operating Income NOA (Net Operating Asset= (Operating Asset)-(Operating Obligation) NNO (Net Non-operating Obligation (Invested capital)-(total equity)-(redeemable non controlling interest) Operating Asset=(Total asset- Cash-) Operating obligation=(Total liabilities)-(short term notes)-(Long term debt) CALCULATION OF NOPAT A Tax Rate=14531/27193 0.53 B Operating income before interest and taxes 26146 C=(1-A)*B NOPAT 12,174 CALCULATION OF NOA A Total asset 197295 B Cash 10715 C=B-A Operating asset 186580 D Total liabilities 44793 E Short term notes 0 F Long term debts 3969 G=D-E-F Operating obligation 40824 H=C-G NOA 145756 CALCULATION OF NNO Invested Capital 197295 Total Equity 152502 Redeemable non cotrolling interest 0 NNO 44793