Question: Compute and Compare ROE, ROA, and RNOA Selected balance sheet and income statement information for Oracle Corporation follows. (Perform the required computations from the perspective
Compute and Compare ROE, ROA, and RNOA
Selected balance sheet and income statement information for Oracle Corporation follows. (Perform the required computations from the perspective of an Oracle shareholder.
$ millionsMay 31, 2015 May 31, 2014
Operating assets$56,535 $51,447
Nonoperating assets54,368 38,819
Total assets110,903 90,266
Operating liabilities19,847 18,722
Nonoperating liabilities41,958 24,097
Total liabilities61,805 42,819
Total Oracle stockholders' equity48,663 46,878
Total revenues38,226
Operating income before tax13,871
Nonoperating expense before tax1,037
Tax expense2,896
Net income9,938
c. Compute return on net operating assets (RNOA)
Round answers to two decimal places (percentage ex: 0.12345 = 12.35%)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
