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Compute net operating profit after tax

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Reference no: EM132801764

Question - Assume the following is the income statement for 3M Company.

Net Sales Operating Expenses $21,167

Cost of Sales 10,381

SG&A 4,535

R&D 1,242

Total 16,158

Operating Income 5,009

Interest expense, Net 26

Income Before Tax & Noncontrolling Interest 4,983

Provision for Income Taxes 1,694

Noncontrolling Interest 55

Net Income $3,234

Required - Compute net operating profit after tax (NOPAT) for 2016, assuming a federal and state statutory tax rate of 37%.

A. $5,009 million

B. $3,306 million

C. $3,315 million

D. $3,289 million

Reference no: EM132801764

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