The following income statement and balance sheet is for


The following Income Statement and Balance Sheet is for Damian's and Weston's Company: $K 2015 2014 Sales 60 20 Operating Costs 25 8 Depreciation 4 2 EBIT 31 10 Less Interest 0.5 0.5 Earnings before Taxes 30.5 9.5 Taxes @ 40% 12.2 3.8 Net Income 18.3 5.7 Assets 2015 2014 Liabilities 2015 2014 Cash 12 8 Accounts Payable 8 6 ST Investments 10 4 Accruals 9 6 Accounts Receivable 6 6 Notes Payable 4 2 Inventory 5 3 Total Current Liabilities 21 14 Total Current Assets 33 21 LT Debt 7 5 Net Plant & Equipment 11 8 Total Liabilities 28 19 Total Assets 44 29 Common Equity 8 6 Retained Earnings 8 4 Total Equity 16 10 Total Liabilities & Equity 44 29 1) What is the net operating profit after taxes? 2) What are the amounts of net operating working capital for both years? 3) What are the amounts of total net operating capital for both years?

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Financial Management: The following income statement and balance sheet is for
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