Below is the balance sheet for Northern Comfort Company for December 31 of 2019 and...
50.1K
Verified Solution
Link Copied!
Question
Finance
Below is the balance sheet for Northern Comfort Company for December 31 of 2019 and 2020.
| 2019 | 2020 | 2019 | 2020 | |||
| Cash | 850 | 1,000 | Accounts payable | 2,550 | 3,000 | |
| Accounts receivable | 2,550 | 3,000 | Current liabilities | 2,550 | 3,000 | |
| Inventory | 2,550 | 3,000 | Long-term debt | 5,100 | 6,000 | |
| Current assets | 5,950 | 7,000 | Total liabilities | 7,650 | 9,000 | |
| Net fixed assets | 11,050 | 13,000 | Equity | 9,350 | 11,000 | |
| Total assets | 17,000 | 20,000 | Total liab. & equity | 17,000 | 20,000 |
The income statement for 2020 is also given:
| Amount | |
| Sales | 48,000 |
| Operating costs except dep. | 26,400 |
| Depreciation | 7,200 |
| EBIT | 14,400 |
| Interest | 4,800 |
| EBT | 9,600 |
| Taxes (21%) | 2,016 |
| Net income | 7,584 |
1. What was NOPAT for 2020?
2. What was the change in net operating working capital during 2020? (Assuming no excess cash)
3. What was capital expenditure in 2020? 4. What was the free cash flow for 2020?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.