Can you only answer e, f and g
$ 2,044 1,694 Current labilities 332 2.404 7.118 8,753 Short-term borrowings and cument portion of long-term debt. Accounts payable Accrued payrol Accrued income taxes Other curent labilities Total current labilities 3843 1555 1,580 Long-teem debt Pension and postretirement benatits Opher Sabilities $20,971 $18,0 Total liablibes Equity Company shareholders' equity Common stock, par value $0.01 per share Shares outstanding-2015:609,330,124 Shares outstanding-2014:635,134,594 Additional paid-in capital Retained earnings Treasury stock Accumulated other comprehensive income(oss 4,791 36,575 (23,308) 379 34 317 (19.307) 11,708 39 3.109 Total 3M Company shareholders' equity Nonoontioiling interest .$11.747 32.718 $13,142 Total equity Total labilities and equity $31,209 Required a. Compute net operating profit after tax (NOPAT) for 2015. Assume that the combined federal and state statutory tax rate is 37%. b. Compute net operating assets (NOA) for 2015 and 2014. Treatnostments as a nonoperating item. c. Compute and disaggnegate 3M's RNOA into net operating pro NOPM) and net operating asset turnover (NOAT) for 2015. Demonstrate that RNOA NOEAT d. Con pute net noooperating obligations (NNO) 5nr 2015 and 2014,Colina tne relation: NOANNO +Total equity e. Compute return on equity (ROE) for 2015 f. What is the nonoperating return component of ROE for 2015? g Comment on the difference between ROE and RNOA. What inference can we draw from this comparison? Compute the DuPont Disaggregation of ROE Refer to the balance sheets and income statement below for Under Armour Inc LO1, 2,3 UNDER P3-47 ARMOUR INC UNDER ARMOUR INC 12 Months Ended ($ in 000s) Net revenues Dec. 31, 2015 Cost of goods sold. Gross profit. Selling, general and administrative expenses Income trom operations Interest expense, net Other expense, net. income before income taxes Provision for income taxes. 1,905,547 1497,000 408.547 (14,628) 7.234) .. Net income 154,112 $ 232.573 $ 2,044 1,694 Current labilities 332 2.404 7.118 8,753 Short-term borrowings and cument portion of long-term debt. Accounts payable Accrued payrol Accrued income taxes Other curent labilities Total current labilities 3843 1555 1,580 Long-teem debt Pension and postretirement benatits Opher Sabilities $20,971 $18,0 Total liablibes Equity Company shareholders' equity Common stock, par value $0.01 per share Shares outstanding-2015:609,330,124 Shares outstanding-2014:635,134,594 Additional paid-in capital Retained earnings Treasury stock Accumulated other comprehensive income(oss 4,791 36,575 (23,308) 379 34 317 (19.307) 11,708 39 3.109 Total 3M Company shareholders' equity Nonoontioiling interest .$11.747 32.718 $13,142 Total equity Total labilities and equity $31,209 Required a. Compute net operating profit after tax (NOPAT) for 2015. Assume that the combined federal and state statutory tax rate is 37%. b. Compute net operating assets (NOA) for 2015 and 2014. Treatnostments as a nonoperating item. c. Compute and disaggnegate 3M's RNOA into net operating pro NOPM) and net operating asset turnover (NOAT) for 2015. Demonstrate that RNOA NOEAT d. Con pute net noooperating obligations (NNO) 5nr 2015 and 2014,Colina tne relation: NOANNO +Total equity e. Compute return on equity (ROE) for 2015 f. What is the nonoperating return component of ROE for 2015? g Comment on the difference between ROE and RNOA. What inference can we draw from this comparison? Compute the DuPont Disaggregation of ROE Refer to the balance sheets and income statement below for Under Armour Inc LO1, 2,3 UNDER P3-47 ARMOUR INC UNDER ARMOUR INC 12 Months Ended ($ in 000s) Net revenues Dec. 31, 2015 Cost of goods sold. Gross profit. Selling, general and administrative expenses Income trom operations Interest expense, net Other expense, net. income before income taxes Provision for income taxes. 1,905,547 1497,000 408.547 (14,628) 7.234) .. Net income 154,112 $ 232.573
