Question: a . Compute the two components used in the disaggregation of return on net operating assets ( RNOA ) : Net operating profit margin (

a. Compute the two components used in the disaggregation of return on net operating assets (RNOA): Net operating profit margin (NOPM) and Net operating asset turnover (NOAT). Assume the statutory tax rate is 22%.
NOTE: Do not round intermediate calculations.
NOTE: Enter answers rounded to the nearest whole number.
($ thousands)NumeratorDenominatorResultNOPM =Answer 1Average assetsAverage equityAverage NOANet incomeNOPATNOPBTRevenueTax expenseTax on operating profitTax shieldTotal assetsTotal equityAnswer 2Average assetsAverage equityAverage NOANet incomeNOPATNOPBTRevenueTax expenseTax on operating profitTax shieldTotal assetsTotal equityFY3Answer 3Answer 4FY2Answer 5Answer 6NOAT =Answer 7Average assetsAverage equityAverage NOANet incomeNOPATNOPBTRevenueTax expenseTax on operating profitTax shieldTotal assetsTotal equityAnswer 8Average assetsAverage equityAverage NOANet incomeNOPATNOPBTRevenueTax expenseTax on operating profitTax shieldTotal assetsTotal equityFY3Answer 9Answer 10FY2Answer 11Answer 12
b. Compute RNOA using the exact NOPM and NOAT measures calculated in part a.
NOPMNOATProductFY3Answer 13Answer 14FY2Answer 15Answer 16

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