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.

c. Compute return on net operating assets (RNOA) Round answers to two decimal places (percentage ex: 0.12345 = 12.35%)

The answer is not, 26.89%.

$ millions Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Total Oracle stockholders' equity Total revenues Operating income before tax Nonoperating expense before tax Tax expense Net income May 31, 2015 $62,090 54,368 116,458 20,180 41,958 62,138 54,320 38,559 13,993 1,037 3,498 9,458 May 31, 2014 $57,002 38,819 95,821 19,055 24,097 43,152 52,669