Construct the income statement for 2016 what is the net


Question: Cusic Industries had the following operating results for 2015: sales = $27,360; cost of goods sold = $19,260; depreciation expense = $4,860; interest expense = $2,190; dividends paid = $1,560. At the beginning of the year, net fixed assets were $16,380, current assets were $5,760, and current liabilities were $3,240. At the end of the year, net fixed assets were $20,160, current assets were $7,116, and current liabilities were $3,780. The tax rate for 2015 was 34 percent.

1. Construct the Income Statement for 2016. What is the Net Income?

2. What was NOPAT for 2016? What caused the difference between net income and NOPAT?

3. What was Return on Invested Capital?

4. What was the free cash flow for 2016? Is this possible? Explain.

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Finance Basics: Construct the income statement for 2016 what is the net
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