Module $3$ Ongoing Analysis Project $($Illinois Tool Works$)$ operating in roughly the same industry: Illinois Tool Works and Parker Hannifin. mastered financial reporting at a sufficient level to be able to step into any role in an organization. your submitted work, you should ALWAYS use the Excel version of the financial statements so that your answers are consistent with the solutions provided. Analyze Illinois Tool Works return on equity $($ROE$)$ and disaggregate the ratio to gain deeper insight into the company's returns over the three$-$year period. Note: Round all answers to the nearest whole dollar. Note: Assume a $\backslash (22\backslash \%\backslash )$ tax rate for all nonoperating items. Compute ROE DuPont disaggregation Disaggregate ROA ROE operating $\backslash$& nonoperating components Disaggregate RNOA NCIR. $\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{6\}\{|$l$|\}\{\backslash$$ millions$\}\backslash \backslash$

$\backslash$hline & & & $\backslash (\backslash$square $\backslash )$ & & Net operating asset turnover $($NOAT$)\backslash \backslash$

$\backslash$hline Dec. $31,2022$ & $\backslash$$ & $0$ & $\backslash$$ & $0$ & $\backslash \backslash$

$\backslash$hline Dec. $31,2021$ & $\backslash$$ & $0$ & $\backslash$$ & $0$ & $\backslash \backslash$

$\backslash$hline Dec. $31,2020$ & $\backslash$$ & $0$ & $\backslash$$ & $0$ & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{4\}\{|$c$|\}\{$NOPM $\backslash (\backslash$times $\backslash )$ NOAT $\backslash (=\backslash )$ RNOA$\}\backslash \backslash$

$\backslash$hline & Net operating profit margin $($NOPM$)$ & Net operating asset turnover $($NOAT$)$ & RNOA $\backslash \backslash$

$\backslash$hline Dec. $31,2022$ & $0\backslash \%$ & $0$ & $0\backslash \%\backslash \backslash$

$\backslash$hline Dec. $31,2021$ & $0\backslash \%$ & $0$ & $0\backslash \%\backslash \backslash$

$\backslash$hline Dec. $31,2020$ & $0\backslash \%$ & $0$ & $0\backslash \%\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$