30/11/2018

# 美国论文代写：营业利润计算

NOPAT为税后营业利润净额，Net income或NI为公司总收益。NI的计算方法是从公司销售总收入中扣除营业收入、利息、税金和优先股股息。这有助于公司获得净利润。然而，经济利润是使用NOPAT计算的。NOPAT的计算通过三个简单的步骤完成。息税前收益(EBIT)是计算NOPAT的第一步。随后，通过消除会计造成的扭曲和将一些费用重新分类为投资，通过将资产负债表上的费用资本化，对息税前利润作了一些关键的调整。最后，扣除现金营业税，得到税后营业利润净额。

A company is a good investment opportunity when the Weighted Average Cost of Capital is lower than the Return on Investment. Therefore, if WACC is assumed to be 10 % then ROI must be greater than 10 %. A WACC of 10 percent means that the company would have to return \$ 10 per \$ 100 that is invested in the company as equity and debt. The current investment in equity and debt put togather come to 200 shares in both 2015 and 2016. The projected returns for 2016 have increased to \$0.35 from \$3.30. The Return on Investment is also expected to go up from \$ 270 million to 290 million. Hence, it would be apt to say that the company has had a small growth and the value addition to the investor is minimal.

NOPAT is the Net Operating Profit After Tax while Net income or NI refers to the company’s total earnings. NI is computed by deducting operating income, interest, taxes and preferred stock dividends from the total sales revenue of the company. This helps to arrive at the net profit for the company. The economic profit, however, is calculated using NOPAT. Computation of NOPAT is done using three simple steps. Earnings before Interest and Taxes or EBIT is the first step to computing the NOPAT. Subsequently, a few key adjustments are made to EBIT by eliminating the distortions that arise from accounting and by reclassifying a few expenses as investments, by capitalizing the expenses in the balance sheet. Finally, the cash operating taxes are deducted to arrive at the net Operating Profit After Taxes.