Income statements and balance sheets follow for The New York Times Company. Refer to these financial statements to answer the requirements.
The New York Times Company Consolidated Statements of Income |
||
Fiscal year ended |
||
(in thousands) |
Dec. 29, 2016 |
Dec. 30, 2015 |
Revenues |
||
Circulation |
$ 880,543 |
$ 851,790 |
Advertising |
580,732 |
638,709 |
Other |
94,067 |
88,716 |
Total revenues |
1,555,342 |
1,579,215 |
Production costs |
||
Wages and benefits |
363,051 |
354,516 |
Raw materials |
72,325 |
77,176 |
Other |
192,728 |
186,120 |
Total production costs |
628,104 |
617,812 |
Selling, general and administrative costs |
721,083 |
713,837 |
Depreciation and amortization |
61,723 |
61,597 |
Total operating costs |
1,410,910 |
1,393,246 |
Restructuring charge |
14,804 |
0 |
Multiemployer pension plan withdrawal expense |
6,730 |
9,055 |
Pension settlement charges |
21,294 |
40,329 |
Early termination charge |
0 |
0 |
Operating profit |
101,604 |
136,585 |
Loss from joint ventures |
(36,273) |
(783) |
Interest expense, net |
34,805 |
39,050 |
Income from continuing operations before income taxes |
30,526 |
96,752 |
Income tax expense/(benefit) |
4,421 |
33,910 |
Income from continuing operations |
26,105 |
62,842 |
Loss from discontinued operations, net of income taxes |
(2,273) |
0 |
Net income |
23,832 |
62,842 |
Net loss attributable to the noncontrolling interest |
5,236 |
404 |
Net income attributable to The New York Times Company common stockholders |
$29,068 |
$63,246 |
a. Compute net operating profit after tax (NOPAT) for 2016 and 2015. Assume that combined federal and state statutory tax rates are 37% for both years.
I am trying to compute the NOPAT for years 2015 and 2016.
2016 | 2015 | |||||
a. | NOPAT | = | Operating ProfitX(1-Tax Rate) | 101604X(1-0.37)=$64011 | 136585X(1-0.37)= $86049 | |
Income statements and balance sheets follow for The New York Times Company. Refer to these financial...
Income statements and balance sheets follow for The New York Times Company. Refer to these financial statements to answer the requirements. The New York Times Company Consolidated Statements of Income Fiscal year ended (in thousands) Dec. 29, 2016 Dec. 30, 2015 Revenues Circulation $ 880,543 $ 851,790 Advertising 580,732 638,709 Other 94,067 88,716 Total revenues 1,555,342 1,579,215 Production costs Wages and benefits 363,051 354,516 Raw materials 72,325 77,176 Other 192,728 186,120 Total production costs 628,104 617,812 Selling, general and administrative...
Balance sheets and income statements for Nordstrom, Inc., follow. Refer to these financial statements to answer the requirements. Nordstrom, Inc. Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) 2016 2015 2014 Net Sales $14,095 $13,110 $12,166 Credit card revenues 342 396 374 Total revenues 14,437 13,506 12,540 Cost of sales and related buying and occupancy costs (9,168) (8,406) (7,737) Selling, general and administrative expenses (4,168) (3,777) (3,453) Earnings before interest and income taxes 1,101 1,323 1,350 Interest expense,...
Analysis and Interpretation of Profitability Balance sheets and income statements for Nordstrom, Inc., follow. Refer to these financial statements to answer the requirements. Nordstrom, Inc. Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) 2016 2015 2014 Net Sales $14,095 $13,110 $12,166 Credit card revenues 342 396 374 Total revenues 14,437 13,506 12,540 Cost of sales and related buying and occupancy costs (9,168) (8,406) (7,737) Selling, general and administrative expenses (4,168) (3,777) (3,453) Earnings before interest and income taxes...
Nume Date: Please answer the questions below. Each question is worth 3 points. 1. Selected balance sheet and income statement data follow for El DuPont de Nemours and Company millions). 2015 2016 2016 2016 2016 Ner income attributable to DuPont Average DuPont shareholders equity operating Operating Operating liabilities NOPAT $2,308 $12.801 $9.996 $21.232 $2.513 $33.997 Use the data to calculate the following: a. b. c. Return on equity (ROE) Return on net operating assets (RNOA) The company's nonoperating return 2016...
Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. Consolidated Statements of Income Years ended December 31 ($ millions) 2006 2005 2004 Net sales $22,923 $ 21,167 $ 20,011 Operating expenses Cost of sales 11,713 10,408 10,002 Selling, general and administrative expenses 5,066 4,631 4,437 Research, development and related expenses 1,522 1,274 1,246 Loss/(gain) from sale of business (1,074) -- -- Total operating expenses 17,227 16,313 15,685 Operating income 5,696 4,854 4,326 Interest expenses and...
Compute and Interpret the Z-score Balance sheets and income statements for Lockheed Martin Corporation follow. Refer to these financial statements to answer the requirements. Consolidated Statements of Earnings Year Ended December 31 (In millions) 2016 2015 Net sales Products $ 40,365 $ 34,868 Services 6,883 5,668 Total net sales 47,248 40,536 Cost of sales Products (36,616) (31,091) Services (6,040) (4,824) Severance and other charges (80) (82) Other unallocated costs 550 (47) Total cost of sales (42,186) (36,044) Gross Profit 5,062...
Compute and Interpret the Z-score Balance sheets and income statements for Lockheed Martin Corporation follow. Refer to these financial statements to answer the requirements. Consolidated Statements of Earnings Year Ended December 31 (In millions) 2016 2015 Net sales Products $ 40,365 $ 34,868 Services 6,883 5,668 Total net sales 47,248 40,536 Cost of sales Products (36,616) (31,091) Services (6,040) (4,824) Severance and other charges (80) (82) Other unallocated costs 550 (47) Total cost of sales (42,186) (36,044) Gross Profit 5,062...
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of $36.000. The company and billed these customers the company had cost of goods sold of sold of S162.900 5. Craft Corner began operations in March with cash and common stock of company made $582,000 in net income its first month. It performed print ich customers and billed these customers $900,000. The company collected half of: receivables by the end of the month. The company had cost of goods sold of S16 naid for in cash and $6,000 inventory left...
Compute and Interpret the Z-score Balance sheets and income statements for Lockheed Martin Corporation follow. Refer to these financial statements to answer the requirements. Consolidated Statements of Earnings Year Ended December 31 (In millions) 2016 2015 Net sales Products $ 40,365 $ 34,868 Services 6,883 5,668 Total net sales 47,248 40,536 Cost of sales Products (36,616) (31,091) Services (6,040) (4,824) Severance and other charges (80) (82) Other unallocated costs 550 (47) Total cost of sales (42,186) (36,044) Gross Profit 5,062...