calculate RNOA) 2016 RNOA 2016 NOPM 2016 NOAT (d) Compute net nonoperating obligations (NNO) for 2016 and 2015 2016 NNO ( $ millions) 2015NNO ( $ millions) (e) Compute return on equity (ROE) for 2016 (Do not round until final answer Round answer two decimal places) 2016ROE (f) Infer the nonoperating return component of ROE for 2016 (Use answers from above to calculate Round two decimal places ) (g) What does the relation between ROE and RNOA suggest about Costco's use of equity capital OROE RNOA implies that Costco's equity has grown faster than its NOA OROE RNOA implies that Costco has taken on too much financial leverage OROE RNOA implies that Costco is able to borrow money to fund operating assets that yield a return greater than its cost of debt OROE RNOA implies that Costco increased its financial leverage during the period Please answer all parts of the question calculate RNOA) 2016 RNOA 2016 NOPM 2016 NOAT (d) Compute net nonoperating obligations (NNO) for 2016 and 2015 2016 NNO ( $ millions) 2015NNO ( $ millions) (e) Compute return on equity (ROE) for 2016 (Do not round until final answer Round answer two decimal places) 2016ROE (f) Infer the nonoperating return component of ROE for 2016 (Use answers from above to calculate Round two decimal places ) (g) What does the relation between ROE and RNOA suggest about Costco's use of equity capital OROE RNOA implies that Costco's equity has grown faster than its NOA OROE RNOA implies that Costco has taken on too much financial leverage OROE RNOA implies that Costco is able to borrow money to fund operating assets that yield a return greater than its cost of debt OROE RNOA implies that Costco increased its financial leverage during the period Please answer all parts of the

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calculate RNOA) 2016 RNOA     2016 NOPM   2016 NOAT   (d) Compute net nonoperating obligations (NNO) for 2016 and 2015  2016 NNO   ( $ millions) 2015NNO  ( $ millions) (e) Compute return on equity (ROE) for 2016  (Do not round until final answer  Round answer two decimal places) 2016ROE    (f) Infer the nonoperating return component of ROE for 2016  (Use answers from above to calculate  Round two decimal places )   (g) What does the relation between ROE and RNOA suggest about Costco's use of equity capital  OROE   RNOA implies that Costco's equity has grown faster than its NOA  OROE   RNOA implies that Costco has taken on too much financial leverage  OROE   RNOA implies that Costco is able to borrow money to fund operating assets that yield a return greater than its cost of debt  OROE   RNOA implies that Costco increased its financial leverage during the period  Please answer all parts of the question  calculate RNOA) 2016 RNOA     2016 NOPM   2016 NOAT   (d) Compute net nonoperating obligations (NNO) for 2016 and 2015  2016 NNO   ( $ millions) 2015NNO  ( $ millions) (e) Compute return on equity (ROE) for 2016  (Do not round until final answer  Round answer two decimal places) 2016ROE    (f) Infer the nonoperating return component of ROE for 2016  (Use answers from above to calculate  Round two decimal places )   (g) What does the relation between ROE and RNOA suggest about Costco's use of equity capital  OROE   RNOA implies that Costco's equity has grown faster than its NOA  OROE   RNOA implies that Costco has taken on too much financial leverage  OROE   RNOA implies that Costco is able to borrow money to fund operating assets that yield a return greater than its cost of debt  OROE   RNOA implies that Costco increased its financial leverage during the period  Please answer all parts of the

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calculate RNOA) 2016 RNOA = % 2016 NOPM = 2016 NOAT = (d) Compute net nonoperating obligations (NNO) for 2016 and 2015. 2016 NNO =

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