Question: Answer it table [ [ table [ [ 3 M COMPANY ] , [ Consolidated Balance Sheets ] , [ At December 3

Answer it \table[[\table[[3M COMPANY],[Consolidated Balance Sheets],[At December 31( $ millions, except per share amount)]],2018,2017],[Current Assets],[Cash and cash equivalents,$1,872,$2,003],[Marketable securities,380,1,076],[Accounts receivable,3,293,3,222],[Total inventories,2,864,2,646],[Prepaids,741,937],[Other current assets,349,266],[Total current assets,9,499,10,150],[Property, plant and equipment-net,5,732,5,816],[Goodwill,6,593,6,897],[Intangible assets-net,1,743,1,926],[Other assets,1,345,1,395],[Total assets,$24,912,$26,184],[Current liabilities],[Short-term borrowings and current portion of long-term debt,$794,$1,216],[Accounts payable,1,486,1,276],[Accrued payroll,749,870],[Accrued income taxes,243,310],[Other current liabilities,1,820,1,777],[Total current liabilities,5,092,5,449],[Long-term debt,8,798,7,935],[Pension and postretirement benefits,1,959,2,375],[Other liabilities,3,010,2,962],[Total liabilities,18,859,18,721],[3M Company shareholders' equity],[Common stock, par value,9,9],[Additional paid-in capital,3,274,3,327],[Retained earnings,26,657,25,659],[Treasury stock,(19,435),(16,982)]] a. Compute net operating profit after tax (NOPAT) for 2018. Assume that the combined federal and state statutory tax rate is 22%.
b. Compute net operating assets (NOA) for 2018 and 2017.
c. Compute and disaggregate 3M's RNOA into net operating profit margin (NOPM) and net operating asset turnover (NOAT) for 2018. Demonstrate that RNOA = NOPM NOAT. ***RNOA may be different from first RNOA calculation due to rounding
d. Compute net nonoperating obligations (NNO) for 2018 and 2017. Confirm the relation: NOA=NNO+ Total equity
e. Compute return on equity (ROE) for 2018.
f. What is the nonoperating return component of ROE for 2018?
Answer it \ table [ [ \ table [ [ 3 M COMPANY ] ,

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