Below is information from reformulated financial statements for Johnson and Johnson Corporation (in millions). Operating assets Short-term debt securities Operating liabilities Bonds payable Boook value 2019 $4,750 475 (900) (1,585) 2,740 2018 $3,550 1,000 (795) (2,155) 1,600 Sales Operating expenses Interest revenue Interest expense Tax expense (tax rate = 30%) Earnings (net) 3,100 (2,165) 327 (413) (255) $594 Question 15 (4 points) Saved Calculate the net dividends, net of capital contributions for 2019. There are no dirty surplus income items in the equity statement. $1,734 million $872 million - $546 million Question 17 (4 points) Saved Calculate RNOA (return on net operating assets) for 2019; use the average net operating assets in the denominator. 19.81% 26.74% 17.99% 22.38% Calculate FLEV (Financial leverage) for 2019; use average book value and the average net financial obligations in the calculation. 0.5219 0.6427 O 0.7316 0.8618