Required

For $2019$ and $2020,$ calculate operating assets, operating liabilities, and net operating assets.

Operating assets:

$2020$: $

$2019$: $

Operating liabilities:

$2020$: $5$

$2019$: $$

Net operating assets $($NOA$)$:

$2020$: $

$2019$: $

Calculate NOPAT for $2020.$

NOPAT $=S$

Measuring the Effects of Operating Activities on ROE

F Module summarized $2020$ and $2019$ income statements and balance sheets for The Coca$-$Cola Company.

$\backslash$table$[[\backslash$table$[[$THE COCA$-$COLA COMPANY AND SUBSIDIARIES$],[$Consolidated Statements of Income$],[($ $ millions$)]]],[$Year Ended December $31,2020,2019],[$Net operating revenues,$$34,335,$$$38,757$

Following are summarized $2020$ and $2019$ income statements and balance sheets for The Coca$-$Cola Company.

Required

For $2019$ and $2020,$ calculate operating assets, operating liabilities, and net operating assets.

Operating assets:

$2020$: $

$2019$: :

Operating liabilities:

$2020$: $

$2019$: $4$

Net operating assets $($NOA$)$:

$2020$: $4$

$2019$: $4$

Calculate NOPAT for $2020.$

NOPAT$=$$