thanks need help with part C only unadjusted and adjusted columns only

I tried these answers for it too and they are incorrect for reference for part c

hope you do not repeat these incorrect answers since they are marked with red x

Reformulating Financial Analysis for Equity Method Investments Cummins Inc. reports investments in affiliated companies, consisting mainly of investments in six manufacturing joint ventures. Cummins provides the following financial information on its investee companies in a footnote to its 10K report. Make the following assumptions about the above data. - All assets are operating assets. - All current liabilities are operating liabilities. - Non-current liabilities are loans that bear interest at 8%. - EMI (Equity Method Investments) investees' tax rate is 22%. The following information is derived from the 2018 form 10-K for Cummins Inc., the investor company. Hint: You should be able to compute the following for Cummins' investee companies: a. Compute net operating profit after tax (NOPAT) for the EMI investees. Round to the nearest whole number. $ million b. Compute net operating assets (NOA) and net nonoperating obligations (NNO) for the EMI investees. NOA$ NNO $ million c. Following the process in Analyst Adjustments box 9.1, reformulate the following ratios for Cummins for 2018. For simplicity only, use year-end balance sheet numbers provided instead of averages. First, compute the adjusted balances. (Use a negative sign with adjustment answer if it reduces the unadjusted amount.) *Note: For "Add EMI NOPAT" row, only enter an answer under the Adjustment column (EMI NOPAT). Leave Cummins and Adjusted Balances answers blank (use row above to enter Cummins' NOPAT and Adjusted NOPAT balance). Next, compute the following ratios: 1 . using Cummins' figures (unadjusted) and 2 . using the adjusted balances as computed above. - Round RNOA, NOPM, and ROE to one decimal place (ex: 0.2345=23.5% ) - Round NOAT and FLEV to two decimal places. - Hint: Adjusted Net income is $2,452 million. \begin{tabular}{|l|r|r|} \hline & Unadjusted & \multicolumn{1}{|c|}{ Adjusted } \\ \hline RNOA & 24% & 24.4%x \\ \hline NOPM & 9.3% & 8.2% \\ \hline ROE & 29.1% & 2.99%x \\ \hline NOAT & 2.58 & 29.1x \\ \hline FLEV & (5.1)x & 5.1x \\ \hline \end{tabular} \begin{tabular}{|l|c|r|} \hline & Unadjusted & Adjusted \\ \hline LNOA & 24% & 23%x \\ \hline NOPM & 9.3% & 8.2% \\ \hline ROE & 29.1% & 29.1%x \\ \hline NOAT & 2.58 & 2.73x \\ \hline FLEV & (0.04)x & 0.04x \\ \hline \end{tabular} Reformulating Financial Analysis for Equity Method Investments Cummins Inc. reports investments in affiliated companies, consisting mainly of investments in six manufacturing joint ventures. Cummins provides the following financial information on its investee companies in a footnote to its 10K report. Make the following assumptions about the above data. - All assets are operating assets. - All current liabilities are operating liabilities. - Non-current liabilities are loans that bear interest at 8%. - EMI (Equity Method Investments) investees' tax rate is 22%. The following information is derived from the 2018 form 10-K for Cummins Inc., the investor company. Hint: You should be able to compute the following for Cummins' investee companies: a. Compute net operating profit after tax (NOPAT) for the EMI investees. Round to the nearest whole number. $ million b. Compute net operating assets (NOA) and net nonoperating obligations (NNO) for the EMI investees. NOA$ NNO $ million c. Following the process in Analyst Adjustments box 9.1, reformulate the following ratios for Cummins for 2018. For simplicity only, use year-end balance sheet numbers provided instead of averages. First, compute the adjusted balances. (Use a negative sign with adjustment answer if it reduces the unadjusted amount.) *Note: For "Add EMI NOPAT" row, only enter an answer under the Adjustment column (EMI NOPAT). Leave Cummins and Adjusted Balances answers blank (use row above to enter Cummins' NOPAT and Adjusted NOPAT balance). Next, compute the following ratios: 1 . using Cummins' figures (unadjusted) and 2 . using the adjusted balances as computed above. - Round RNOA, NOPM, and ROE to one decimal place (ex: 0.2345=23.5% ) - Round NOAT and FLEV to two decimal places. - Hint: Adjusted Net income is $2,452 million. \begin{tabular}{|l|r|r|} \hline & Unadjusted & \multicolumn{1}{|c|}{ Adjusted } \\ \hline RNOA & 24% & 24.4%x \\ \hline NOPM & 9.3% & 8.2% \\ \hline ROE & 29.1% & 2.99%x \\ \hline NOAT & 2.58 & 29.1x \\ \hline FLEV & (5.1)x & 5.1x \\ \hline \end{tabular} \begin{tabular}{|l|c|r|} \hline & Unadjusted & Adjusted \\ \hline LNOA & 24% & 23%x \\ \hline NOPM & 9.3% & 8.2% \\ \hline ROE & 29.1% & 29.1%x \\ \hline NOAT & 2.58 & 2.73x \\ \hline FLEV & (0.04)x & 0.04x \\ \hline \end{tabular}