60.1K

Verified Solution

Link Copied!

Income Statement (nillions of dollars) Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expenses Income before tax Taxes Net income Dividends 13,195 4,058 4,051 2,516 2,570 687 1,883 568 1,315 855 17 Start of Year 866 Statement of Financial Position (millions of dollars) End of Year Assetst Cash and marketable securities 90 Receivables 2,380 Inventories 188 Other current assets Total current assets 3.524 Net property, plant, and equipment 19,921 Other long-term assets 4,217 Total assets 27,712 Liabilities and shareholders' equity Payables 2,565 Short-term debt 1,418 Other current liabilities 812 Total current liabilities 4,795 Long term debt and leases 7,022 other long-term Ilabilities 6,179 Shareholders' equity 9,716 Total liabilities and shareholders equity 27,712 159 2,488 239 931 3,817 19,913 3,721 27,501 3,061 1,572 780 5,401 6,831 6,150 9,119 27.501 Phone Corp's cost of capital was 82%. Estimate the tax rate (taxes/income before taxes) and calculate net operating profit after taxes. (Round your intermediate calculations and final answers to 2 decimal places. Enter your answer for NOPAT in millions of dollars.) Estimated tax rate NOPAT What was Phone Corp's economic value added? (Round your intermediate calculations and final answer to 2 decimal places. Enter your answer in millions of dollars.) EVA

Answer & Explanation Solved by verified expert

See Answer