Following is the balance sheet for \(3 \mathrm{M}\) Company.

a. Compute net operating assets (NOA) and net nonoperating obligations (NNO) for 2007

b. For 2007, show that: \(\mathrm{NOA}=\mathrm{NNO}+\) Stockholders' equity

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3M COMPANY Balance Sheet 2007 (Dollars in millions, except per share amount) Assets Cash and cash equivalents..... Marketable securities-current Accounts receivable-net of allowances of $75 and $71.. 2006 $ 1,896 $ 1,447 579 471 3,362 3,102 Inventories Finished goods. Work in process. Raw materials and supplies Total inventories... Other current assets 1,349 1,235 880 795 623 571 2,852 2,601 1,149 1,325 Total current assets. Marketable securities. Investments .... 9,838 8,946 480 166 298 314 Property, plant and equipment. 18,390 17,017 Less: Accumulated depreciation. (11,808) (11,110) Property, plant and equipment--net 6,582 5,907 Goodwill.. 4,589 4,082 Intangible assets-net 801 708 Prepaid pension and postretirement benefits 1,378 395 Other assets. 728 776 Total assets. $24,694 $21,294