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The income statement for Google is provided below.
Cost of Revenues 25,691
Revenues 66,001
Research and Development 9,832
Sales and Marketing 8,131
General and Administrative 5,851
Total Operating Expenses 49,505
Income from Operations 16,496
Interest and other income 763
Income before tax 17,259
Provision for Income Taxes 3,331
Net Income 13,928
Problem 1: Compute the net operating profit after tax (NOPAT) for the fiscal year ended 12/31/2014. Assume the statutory rate (STR) is 37%.
A-13,165
B-12,883
C 16,496
D-13,447
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