Question: Direct Computation of Nonoperating Return a. Compute net nonoperating expense (NNE) and net operating profit after tax (NOPAT). Assume a tax rate of 22%. b.

Direct Computation of Nonoperating Return a. Compute net nonoperating expense (NNE)and net operating profit after tax (NOPAT). Assume a tax rate of22%. b. Compute net nonoperating obligations (NNO). c. Compute financial leverage (FLEV).d. Compute NNEP and Spread. e. Compute the noncontrolling interest ratio (

Direct Computation of Nonoperating Return a. Compute net nonoperating expense (NNE) and net operating profit after tax (NOPAT). Assume a tax rate of 22%. b. Compute net nonoperating obligations (NNO). c. Compute financial leverage (FLEV). d. Compute NNEP and Spread. e. Compute the noncontrolling interest ratio ( NCI ratio). f. Confirm the relation: ROE=[RNOA+(FLEV Spread )]NCI ratio. ROE may be different due to rounding

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