Selected fiscal year balance sheet and income statement information for the computer chip maker, Intel, Intel (INTC) follows ( \(\$\) millions)

a. Compute the 2007 return on equity (ROE) and the 2007 return on net operating assets (RNOA)

b. Disaggregate RNOA into net operating profit margin (NOPM) and net operating asset furnover (NOAT). What observations can we make about Macy's NOPM and NOAT?

c. Compute the percentage of RNOA to ROE, and compute Macy's nonoperating return for 2008 .

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2007 2007 Net 2007 Net Operating Company Ticker Sales Income INTC $38,334 $6.976 Intel....... Profit After Tax $6,364 Assets $31,443 Assets $30.955 2007 2007 Net 2006 Net 2006 Operating Operating Stockholders' Stockholders' Equity Equity $42,762 $36,752