Balance sheets and income statements for Nordstrom, Inc., follow. Refer to these financial statements to answer the requirements.

Nordstrom, Inc. Consolidated Statements of Earnings
For Fiscal Years Ended ($ millions)	2016	2015	2014
Net Sales	$14,095	$13,110	$12,166
Credit card revenues	342	396	374
Total revenues	14,437	13,506	12,540
Cost of sales and related buying and occupancy costs	(9,168)	(8,406)	(7,737)
Selling, general and administrative expenses	(4,168)	(3,777)	(3,453)
Earnings before interest and income taxes	1,101	1,323	1,350
Interest expense, net	(125)	(138)	(161)
Earnings before income taxes	976	1,185	1,189
Income tax expense	(376)	(465)	(455)
Net earnings	$600	$720	$734

Nordstrom, Inc. Consolidated Balance Sheets
in millions	Jan. 30, 2016	Jan. 31, 2015
Assets
Current assets
Cash and cash equivalents	$595	$827
Accounts receivable, net	196	2,306
Merchandise inventories	1,945	1,733
Current deferred tax assets, net	0	256
Prepaid expenses and other	278	102
Total current assets	3,014	5,224
Land, buildings and equipment, net	3,735	3,340
Goodwill	435	435
Other assets	514	246
Total assets	$7,698	$9,245
Liabilities and equity
Current liabilities
Accounts payable	$1,324	$1,328
Accrued salaries, wages and related benefits	416	416
Other current liabilities	1,161	1,048
Current portion of long-term debt	10	8
Total current liabilities	2,911	2,800
Long-term debt, net	2,795	3,123
Deferred income taxes and other liabilities	540	510
Other liabilities	581	372
Shareholders equity
Common stock, no par value: 1,000 shares authorized;
173.5 and 190.1 shares issued and outstanding	2,539	2,338
Retained earnings	(1,610)	166
Accumulated other comprehensive loss	(58)	(64)
Total shareholders equity	871	2,440
Total liabilities and shareholders equity	$7,698	$9,245

HINT: For Sales use "Total revenues" for your computations, when applicable.

(a) Compute net operating profit after tax (NOPAT) for 2016. Assume that the combined federal and state statutory tax rate is 37%.

Round to the nearest whole number. 2016 NOPAT = (b) Compute net operating assets (NOA) for 2016 and 2015. 2016 NOA = 2015 NOA = (c) Compute RNOA, net operating profit margin (NOPM) and net operating asset turnover (NOAT) for 2016.

Do not round until your final answer. Round answer to two decimal places. 2016 RNOA = 2016 NOPM = 2016 NOAT = (d) Compute net nonoperating obligations (NNO) for 2016 and 2015. 2016 NNO = 2015 NNO = (e) Compute return on equity (ROE) for 2016.

Round answer to two decimal places. 2016 ROE = (f) Infer the nonoperating return component of ROE for 2016.

Use above answers to calculate. Round answer to two decimal places. 2016 nonoperating return =