Problem 3 Use the company's financial data to answer the questions 2015 2014 7.282 0 632 160 1287360 9,000 48,600 351,200 715,200 1,926,802 1,124,000 939 790 344,800 2.866,592 1.468.800 Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net fixed assets Total assets Liabilities and equity Accounts payablo Notes payable Accrued expenses Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total equity Total liabilities and equity I 524 160 720,000 489,600 1,733,760 1,000,000 154 219 460 000 (327,168) 132832 2.866592 145,600 200,000 136,000 481,600 323,432 123,896 460,000 203 768 663 768 1.468 800 Sales Cost of goods sold Other expenses Depreciation Total operating costs Earnings before interest and tax 2015 5,834,400 5,728,000 680,000 116 960 6,524 960 (690,560) 2014 3,432,000 2.864.000 340,000 18 900 3222 900 209 100 o 1 Caption Emphasis Heading 1 1 Normal Sur Styles 201 2014 Paragraph Sales 5,834,400 3,432,000 Cost of goods sold 5,728,000 2,864,000 Other expenses 680,000 340,000 Depreciation 116,960 18,900 Total operating costs 6,524,960 3222,900 Earings before interest and tax (690,560) 209,100 Interest expense 176,000 62,500 Earnings before tax (866,560) 146,600 Taxes (40%) (346 624) 58,640 Net income (519.936) 87 960 1) Determine the not operating profit after taxes for 2015 and 2014 2) What are the amounts of net operating working capital for 2015 and 2014? 3) Determine the amount of fotal not operating capital invested capital) for 2015 and 2014 OP Paragraph Styles 3) Determine the amount of total net operating capital invested capital) for 2015 and 2014 4) What is the free cash flow for 2015 5) Find the economic value added for 2015. Assume that the firm's after-tax cost of capital was 13% 8) Find the economic value added for 2014 Assume that the firm's after tax cost of capital was 11% - 74