Company Macy's ... Ticker M 2015 Sales $27,079 2015 2015 2015 Net 2014 Net 2015 2014 Net Net Operating Operating Operating Stockholders' Stockholders' Income Profit After Tax Assets Assets Equity Equity $1,072 $1,297 $10,781 $10,441 $4,250 $5,378 a. Compute the 2015 return on equity (ROE) and 2015 return on net operating assets (RNOA). b. Disaggregate RNOA into net operating profit margin (NOPM) and net operating asset turnover (NOAT). What observations can we make about Macy's NOPM and NOAT? c. Compute the percentage of RNOA to ROE, and compute Macy's nonoperating return for 2015