Question: 3. Compare ROE and RNOA and identify differences over time and between the companies. Evaluate the companies' returns and answer questions such as the following:

3. Compare ROE and RNOA and identify differences over time and between the companies. Evaluate the companies' returns and answer questions such as the following: . Which company is more profitable? How do the operating and nonoperating portions of ROE compare? . Compare the ROE and RNOA with the graph on page 3-25. If the ratios for the companies under analysis differ from the graph, is there an explanation? . Is the net operating profit margin similar for the two companies? Given that they are roughly in the same industry, major differences should prompt further exploration. . Are the companies' net operating asset turnover ratios similar or markedly different? Calculate and compare the cash conversion cycle for each year

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