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a . Compute the two components used in the disaggregation of return on net operating assets ( RNOA ) : Net operating profit margin (
a Compute the two components used in the disaggregation of return on net operating assets RNOA: Net operating profit margin NOPM and Net operating asset turnover NOAT Assume the statutory tax rate is
NOTE: Do not round intermediate calculations.
NOTE: Enter answers rounded to the nearest whole number.
$ thousandsNumeratorDenominatorResultNOPM Answer Average assetsAverage equityAverage NOANet incomeNOPATNOPBTRevenueTax expenseTax on operating profitTax shieldTotal assetsTotal equityAnswer Average assetsAverage equityAverage NOANet incomeNOPATNOPBTRevenueTax expenseTax on operating profitTax shieldTotal assetsTotal equityFYAnswer Answer FYAnswer Answer NOAT Answer Average assetsAverage equityAverage NOANet incomeNOPATNOPBTRevenueTax expenseTax on operating profitTax shieldTotal assetsTotal equityAnswer Average assetsAverage equityAverage NOANet incomeNOPATNOPBTRevenueTax expenseTax on operating profitTax shieldTotal assetsTotal equityFYAnswer Answer FYAnswer Answer
b Compute RNOA using the exact NOPM and NOAT measures calculated in part a
NOPMNOATProductFYAnswer Answer FYAnswer Answer
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