Compute RNOA, Net Operating Profit Margin, and NOA Turnover Selected balance sheet and income statement information for Nordstrom Inc., a department store retailer, follows.

Company ($ millions) Ticker 2015 Sales 2015 NOPAT 2015 Net Operating Assets 2014 Net Operating Assets Nordstrom Inc. . . . . . . . . . . JWN$14,437$679$3,081$4,744

a. Compute its 2015 return on net operating assets (RNOA).

b. Disaggregate RNOA into net operating profit margin (NOPM) and net operating asset turnover

(NOAT). Confirm that RNOA ???? NOPM ???? NOAT.