I need help with this balance sheet. Please and thank you.;*******************;The Marcus Corporation's financial statements are shown below. Figures are in millions. The firm is in the 30% tax bracket.;Balance Sheet;2011 2010;Cash and equivalents 40 30;Marketable securities 10 15;Accounts receivable 60 50;Inventory 80 70;Total Current Assets 190 165;Net plant and equipment 230 190;Total Assets 420 355;Accounts payable 60 50;Notes payable 80 90;Accruals 20 15;Total current liabilities 160 155;Long-term debt 60 50;Common stock 200 150;Total liabilities and equity 420 355;Income Statement;Net sales 550 490;Costs other than depreciation 390 350;Depreciation 100 97;Total operating costs 490 447;Earnings before interest and taxes 60 43;Less interest 10 7;Earnings before taxes 50 36;Taxes 15 11;Net income 35 25;Tax rate 30%;a. Calculate net operating income after taxes;b. Calculate net operating working capital for both years.
Calculate net operating income and working capital - Marcus Corporation
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