Compute, Disaggregate, and Interpret RNOA of Competitors Halliburton and Schlumberger compete in the oil field services sector. Refer to the following 2018 financial data for the two companies to answer the requirements. $ millions Total revenue Pretax net nonoperating expense Net income Average operating assets Average operating liabilities Marginal tax rate Return on equity HAL SLB $23,995 $32,815 426 653 1,657 2,177 23,361 67,836 5,888 16,499 22% 19% 18.56% 5.86% a. Compute return on net operating assets (RNOA) for each company. Note: 1. Select the appropriate numerator and denominator used to compute RNOA from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute RNOA. Company Numerator Denominator HAL SLB = 0 0 RNOA 0 0 96 96 b. Disaggregate RNOA into net operating profit margin (NOPM) and net operating asset turnover (NOAT) for each company. Note: 1. Select the appropriate numerator and denominator used to compute NOPM from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute NOPM. Company Numerator Denominator HAL SLB 0 0 NOPM 0 96 0 96 Note: 1. Select the appropriate numerator and denominator used to compute NOAT from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute NOAT. Company Numerator Denominator HAL SLB 0 0 NOAT 0 0 Compute, Disaggregate, and Interpret RNOA of Competitors Halliburton and Schlumberger compete in the oil field services sector. Refer to the following 2018 financial data for the two companies to answer the requirements. $ millions Total revenue Pretax net nonoperating expense Net income Average operating assets Average operating liabilities Marginal tax rate Return on equity HAL SLB $23,995 $32,815 653 426 1,657 2,177 23,361 67,836 5,888 16,499 2296 18.56% 5.86% 19% a. Compute return on net operating assets (RNOA) for each company. Note: 1. Select the appropriate numerator and denominator used to compute RNOA from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute RNOA. Company Numerator Denominator RNOA HAL SLB Average assets Average equity Average NOA b. Disaggr Net income NOPAT Note: 1. S NOPBT Company Total revenue Net nonoperating profit before tax Tax on operating profit HAL Tax shield SLB 0 0 96 96 ofit margin (NOPM) and net operating asset turnover (NOAT) for each company. and denominator used to compute NOPM from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute NOPM. Denominator NOPM 0 96 0 96 Note: 1. Select the appropriate numerator and denominator used to compute NOAT from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute NOAT. Company Numerator Denominator NOAT HAL SLB 0 0 0 0