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a . Compute net operating profit after tax ( NOPAT ) for 2 0 1 8 . Assume that the combined federal and state statutory
a Compute net operating profit after tax NOPAT for Assume that the combined federal and state statutory tax rate is
b Compute net operating assets NOA for and
c Compute and disaggregate Ms RNOA into net operating profit margin NOPM and net operating asset turnover NOAT for Demonstrate that RNOA NOPM times NOAT.
RNOA may be different from first RNOA calculation due to rounding
d Compute net nonoperating obligations NNO for and Confirm the relation: NOA NNO Total equity
e Compute return on equity ROE for
f What is the nonoperating return component of ROE for
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