Question: Answer it table [ [ table [ [ 3 M COMPANY ] , [ Consolidated Balance Sheets ] , [ At December 3
Answer it tabletableM COMPANYConsolidated Balance SheetsAt December $ millions, except per share amountCurrent AssetsCash and cash equivalents,$$Marketable securitiesAccounts receivable,Total inventories,PrepaidsOther current assets,Total current assets,Property plant and equipmentnet,GoodwillIntangible assetsnet,Other assets,Total assets,$$Current liabilitiesShortterm borrowings and current portion of longterm debt,$$Accounts payable,Accrued payroll,Accrued income taxes,Other current liabilities,Total current liabilities,Longterm debt,Pension and postretirement benefits,Other liabilities,Total liabilities,M Company shareholders' equityCommon stock, par value,Additional paidin capital,Retained earnings,Treasury stock, a Compute net operating profit after tax NOPAT for Assume that the combined federal and state statutory tax rate is
b Compute net operating assets NOA for and
c Compute and disaggregate Ms RNOA into net operating profit margin NOPM and net operating asset turnover NOAT for Demonstrate that RNOA NOPM NOAT. RNOA may be different from first RNOA calculation due to rounding
d Compute net nonoperating obligations NNO for and Confirm the relation: NOANNO Total equity
e Compute return on equity ROE for
f What is the nonoperating return component of ROE for
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