1. What was Wilmington Corporations return on net operating assets (RNOA) in Year 7? Assume a statutory tax rate of 37%.

2. What was Wilmington Corporations net operating profit margin (NOPM) in Year 7? Assume a statutory tax rate of 37%.

13.8%

31.0%

29.9%

14.6%

WILMINGTON CORPORATION Balance Sheet As of December 31 Selected Income Statement Data for the year ending December 31, Year 7: Net sales $4,885,340 Cost of goods sold (2,906,526) Selling expenses Operating income 1,094,129(884,685) Interest expense Earnings before income taxes Income tax expense Net income (55,240)1,038,889(401,225)$637,664 Selected Statement of Cash Flow Data for the year ending December 31, Year 7: Cash flows from operations $1,601,692 Capital expenditures $745,862