Question
Compute and Compare ROE, ROA, and RNOA Selected balance sheet and income statement information for Oracle Corporation follows. (Perform the required computations from the perspective
Compute and Compare ROE, ROA, and RNOA Selected balance sheet and income statement information for Oracle Corporation follows. (Perform the required computations from the perspective of an Oracle shareholder. $ millions May 31, 2015 May 31, 2014 Operating assets $62,090 $57,002 Nonoperating assets 54,368 38,819 Total assets 116,458 95,821 Operating liabilities 20,180 19,055 Nonoperating liabilities 41,958 24,097 Total liabilities 62,138 43,152 Total Oracle stockholders' equity 54,320 52,669 Total revenues 38,559 Operating income before tax 13,993 Nonoperating expense before tax 1,037 Tax expense 3,498 Net income 9,458
c. Compute return on net operating assets (RNOA) Round answers to two decimal places (percentage ex: 0.12345 = 12.35%) Answer %.
I can not get RNOA correct. I entered 26.28% and 24.53% and 15.23% and 27.01% and 25.61% and 27.41% and 26.89% and 20.01% and 23.5%and 15.88% none of these are the correct RNOA
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