Question $10$

$1$ pts

Below are a balance sheet and an income statement that have been reformulated according to the templates laid out in Chapter $8$ of our textbook. Ignore income taxes. What was the return on net operating assets $($RNOA$)$ for $2012?$

The reformulated balance sheet:

$\backslash$table$[[$Net Operating Assets,Net Financial Obligations and Equity$],[,2012,2011,,2012,2011],[$Operating assets,$205\mathrm{.}3,189\mathrm{.}9,$Financial liabilities,$120\mathrm{.}4,120\mathrm{.}4],[$Operating liabilities,$40\mathrm{.}6,34\mathrm{.}2,$Financial assets,$45\mathrm{.}7,42\mathrm{.}0],[,,,$NFO,$74\mathrm{.}7,78\mathrm{.}4],[,,,$CSE,$90\mathrm{.}0,77\mathrm{.}3],[$NOA$,164\mathrm{.}7,155\mathrm{.}7,,164\mathrm{.}7,155\mathrm{.}7]]$

$13\mathrm{.}55\%$

$6\mathrm{.}45\%$

$11\mathrm{.}39\%$

$14\mathrm{.}25\%$

$9\mathrm{.}27\%$