Operating assets $40,583 $38,473 Nonoperating assets 2,241 1,748 Total assets 42,824 40,221 Operating liabilities 15,018 13,527 Nonoperating
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Operating assets | $40,583 | $38,473 |
Nonoperating assets | 2,241 | 1,748 |
Total assets | 42,824 | 40,221 |
Operating liabilities | 15,018 | 13,527 |
Nonoperating liabilities | 21,285 | 17,167 |
Total liabilities | 36,303 | 30,694 |
Sales | 88,999 | |
Net operating profit before tax (NOPBT) | 12,024 | |
Nonoperting expense before tax | 778 | |
Tax expense | 4,088 | |
Net income | 7,158 |
Round answers totwo decimal places(ex: 0.12345 = 12.35%).
a. Compute return on net operating assets (RNOA). Assume a statutory tax rate of 37%. Answer%
b. Disaggregate RNOA into components of profitability and productivity and show that the product of the two components equals RNOA. Assume a statutory tax rate of 37%. NOPM Answer% NOAT Answer
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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