Engineering Economy (17th Edition)
17th Edition
ISBN: 9780134870069
Author: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher: PEARSON
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Question
Chapter 13, Problem 1P
To determine
The company’s net operating income after taxes (
Expert Solution & Answer
Explanation of Solution
The net operating income after taxes (NOPAT) is calculated as follows.
The net operating income after taxes (NOPAT) is $1,500,000.
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In 2015, a firm has receipts of $8 million and expenses (excluding depreciation) of $4 million. Its depreciation for 2015 amounts to $2 million. If the effective income tax rate is 40%, what is this firm’s net operating income after taxes (NOPAT)?
Concepcion Industries paid $308,000 in federal taxes last year. If business expenses and depreciation charges were $345,000, what were their gross sales for the year?
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Chapter 13 Solutions
Engineering Economy (17th Edition)
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