I need help figuring this out please.

Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. 3M COMPANY Consolidated Statements of Income For Years ended December 31 ($ millions) 2018 2017 Net sales $32,765 $31,657 Operating expenses Cost of sales 16,682 16,055 Selling, general and administrative expenses 7,602 6,626 Research, development and related expenses 1,821 1,870 Gain on sale of businesses (547) (586) Total operating expenses 25,558 23,965 Operating income 7,207 7,692 Other expense, net* 207 144 Income before income taxes 7,000 7,548 Provision for income taxes 1,637 2,679 Net income including noncontrolling interest 5,363 4,869 Less: Net income attributable to noncontrolling interest 14 11 Net income attributable to 3M $5,349 $ 4,858 *Interest expense, gross $350 million in 2018 and $322 million in 2017. Consolidated Balance Sheets At December 31 (5 millions, except per share amount) 2018 2017 Current Assets Cash and cash equivalents $ 2,853 $3,053 Marketable securities 380 1,076 Accounts receivable 5,020 4,911 Total inventories 4,366 4,034 Prepaids 741 937 Other current assets 349 266 Total current assets 13.709 14,277 Property, plant and equipment-net 8,738 8.866 Goodwill 10.051 10.513 Intangible assets-net 2,657 2.936 Other assets 1,345 1,395 Total assets $36,500 537.987 Current liabilities Short-term borrowings and current portion of long-term debt $1,211 51,853 Accounts payable 2.266 1,945 Accrued payroll 749 870 Accrued income taxes 243 310 Other current liabilities 2.775 2.709 Total current liabilities 7.244 7.687 Long-term debt 13,411 12.096 Pension and postretirement benefits 2.987 3,620 Other liabilities 3,010 2.962 Total liabilities 26,652 26.365 3M Company shareholders' equity Common stock par value $9 59 Additional paid-in capital 5.643 5.352 Retained earnings 40,636 39.115 Treasury stock (29.626) (25.887) Accumulated other comprehensive income (loss) (6.866) (7.026) Total 3M Company shareholders' equity 9.796 11,563 Noncontrolling interest 52 59 9,848 11,622 Total liabilities and equity 536,500 $37.987 Total equity by Compute net operating assets INOAfor 2018 and 2012 2018 NOA - 27234 milions 2017 NOA- 28024 man is compute and date 3SRINCA to net operation profit margin (NOM) and net operating settur NAT for 2011. Demonstrate NOA NOA NOAT Round your resto despaces Donudut your final Do not use NOPMXNOAT to calculate ROA) 2018 20.15 2013 NOPM17.16 2018 NOAT 1.1 d) Computere nonoperating obligations (NOfor 2018 and 2017. Confirm the relation NONNO Bolety 2013 NNO monsi 2017 - 15 milioni el Computeretum on equity IRDE for 2018. (Round your answers to two decimal places. Do not round until your finale 2018 ROE What is the nonoperating return component of ROE 2016 ound your answers to two decal places) 2018 monoperating retum Comment on the diference between HOE and NOA What inference can we draw from this comparton CROENDA implies that I lastaken on too much financial leverage CROERNOA implies that is able to borrow money to fund operating that yedaretur greater than cost of CROERNOA sequity has grown for that CROENDA implies that has increased its cleverage during the period 524 PM (a) Compute net operating profit after tax (NOPAT) for 2018. Assume that the combined federal and state statutory tax rate is 22%. (Round your answer to the nearest whole number.) 2018 NOPAT - 5621 ($ millions) (b) Compute net operating assets (NOA) for 2018 and 2017 2018 NOA 27234 (5 millions) 2017 NOA - 28024 15 millions) (Compute and disaggregate 3M's RNOA into net operating profit margin (NOPM) and net operating asset turnover (NOAT) for 2018. Demonstrate that RNOA - NOPMX NOAT. (Round your answers to two decimal places. Do not round until your final answer. Do not use NOPMX NOAT to calculate RNOA) 2018 RNOA 20.35 2018 NOPM - 17.16 2018 NOAT - 1.19 (d) Compute net nonoperating obligations (NNO) for 2018 and 2017. Confirm the relation: NOA - NNO - Total equity 2018 NNO (5 millions) 2017 NNO (5 millions) (e) Compute return on equity (ROE) for 2018. (Round your answers to two decimal places. Do not round until your final answer.) 2018 ROE (1) What is the nonoperating return component of ROE for 2018?/Round your answers to two decimal places.) 2018 nonoperating return = 96 (g) Comment on the difference between ROE and RNOA. What inference can we draw from this comparison? CROE >RNOA implies that 3M has taken on too much financial leverage. OROE > RNOA implies that 3M is able to borrow money to fund operating assets that yield a return greater than its cost of debt. OROE > RNOA implies that 3M's equity has grown faster than its NOA. OROE > RNOA implies that 3M has increased its financial leverage during the period