Question: 5. (9 points)Selected income statement and balance sheet data follow for Snap-On Incorporated for fiscal 2020 and 2019. Use these data to calculate a) FLEV,

5. (9 points)Selected income statement and balance sheet data follow for

5. (9 points)Selected income statement and balance sheet data follow for Snap-On Incorporated for fiscal 2020 and 2019. Use these data to calculate a) FLEV, b) spread, and c) return on equity (ROE) for fiscal 2018 only. (in millions) 2020 2019 Net nonoperating expenses, after tax (NNE) $ 33.3 $ 34.2 Net operating assets (NOA) $3,567.8 $3,218.0 Net nonoperating obligations (NNO) $ 932.6 $ 787.3 Return on net operating assets (RNOA) 17.5% 16.8%

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