Author Question: EP Enterprises has the following income statement. How much net operating profit after taxes (NOPAT) ... (Read 38 times)

Emmejo01 · **on:** Aug 7, 2023

Question 1

During 2021, Bascom Bakery Inc. paid out $36,910 of common dividends. It ended the year with $214,500 of retained earnings versus the prior year’s retained earnings of $146,250. How much net income did the firm earn during the year?

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$102,840

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$103,220

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$104,370

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$105,160

Question 2

EP Enterprises has the following income statement. How much net operating profit after taxes (NOPAT) does the firm have?

Sales	$2,700
Costs	1,800
Depreciation	450
EBIT	450
Interest expense	120
EBT	330
Taxes (35%)	115.50
Net income	$214.50

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$292.50

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$294.71

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$296.08

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$297.30

wangyichun · **Reply #1 on:** Aug 7, 2023

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