Compute, Disaggregate, and Interpret ROE and RNOA Headquartered in Calgary, Alberta, Husky Energy Inc. is a publicly traded, integrated energy company. Selected fiscal year balance sheet and income statement information for Husky Energy follow (Canadian $ millions).

C$ millions	2018	2017
Revenues, net	$40,054
Net income attributable to Husky	2,623
Pretax NNE	425
Operating assets	58,016	$54,400
Operating liabilities	17,755	17,136
Equity attributable to Husky shareholders	35,284	32,321
Tax rate	20.00%

a. Compute the 2018 return on equity (ROE) and the 2018 return on net operating assets (RNOA). Note: Round percentages to two decimal places (for example, enter 6.66% for 6.6555%). 2018 Return on equity: Answer

% 2018 Return on net operating assets: Answer%

b. Disaggregate RNOA into net operating profit margin (NOPM) and net operating asset turnover (NOAT). Note: For NOPM and RNOA, round percentages to two decimal places (for example, enter 6.66% for 6.6555%). Note: For NOAT, round amount to three decimal places (for example, enter 6.776 for 6.77555).

NOPM	x	NOAT	=	RNOA
	x		=

c. Compute the percentage of RNOA to ROE, and compute Huskys nonoperating return for 2018. Note: Round percentages to two decimal places (for example, enter 6.66% for 6.6555%). Percentage of RNOA to ROE: Answer

% Nonoperating return: Answer%

Compute, Disaggregate, and Interpret ROE and RNOA Headquartered in Calgary, Alberta, Husky Energy Inc. is a publicly traded, integrated energy company. Selected fiscal year balance sheet and income statement information for Husky Energy follow (Canadian $ millions). cs millions 2018 2017 Revenues, net $40,054 Net income attributable to Husky 2,623 Pretax NNE 425 Operating assets 58,016 $54,400 Operating liabilities 17,755 17,136 Equity attributable to Husky shareholders 35,284 32,321 Tax rate 20.00% a. Compute the 2018 return on equity (ROE) and the 2018 return on net operating assets (RNOA). Note: Round percentages to two decimal places (for example, enter 6.66% for 6.6555%). 2018 Return on equity: 7.76 2018 Return on net operating assets: * % b. Disaggregate RNOA into net operating profit margin (NOPM) and net operating asset turnover (NOAT). Note: For NOPM and RNOA, round percentages to two decimal places (for example, enter 6.66% for 6.6555%). Note: For NOAT, round amount to three decimal places (for example, enter 6.776 for 6.77555). NOPM X NOAT = RNOA % * * 0x = 0% x C. Compute the percentage of RNOA to ROE, and compute Husky's nonoperating return for 2018. Note: Round percentages to two decimal places (for example, enter 6.66% for 6.6555%). Percentage of RNOA to ROE: 0 * % Nonoperating return: 0 X % Compute, Disaggregate, and Interpret ROE and RNOA Headquartered in Calgary, Alberta, Husky Energy Inc. is a publicly traded, integrated energy company. Selected fiscal year balance sheet and income statement information for Husky Energy follow (Canadian $ millions). cs millions 2018 2017 Revenues, net $40,054 Net income attributable to Husky 2,623 Pretax NNE 425 Operating assets 58,016 $54,400 Operating liabilities 17,755 17,136 Equity attributable to Husky shareholders 35,284 32,321 Tax rate 20.00% a. Compute the 2018 return on equity (ROE) and the 2018 return on net operating assets (RNOA). Note: Round percentages to two decimal places (for example, enter 6.66% for 6.6555%). 2018 Return on equity: 7.76 2018 Return on net operating assets: * % b. Disaggregate RNOA into net operating profit margin (NOPM) and net operating asset turnover (NOAT). Note: For NOPM and RNOA, round percentages to two decimal places (for example, enter 6.66% for 6.6555%). Note: For NOAT, round amount to three decimal places (for example, enter 6.776 for 6.77555). NOPM X NOAT = RNOA % * * 0x = 0% x C. Compute the percentage of RNOA to ROE, and compute Husky's nonoperating return for 2018. Note: Round percentages to two decimal places (for example, enter 6.66% for 6.6555%). Percentage of RNOA to ROE: 0 * % Nonoperating return: 0 X %