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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
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 HAL SLB Total revenue $22,795 $31,174 Pretax net nonoperating expense 620 405 Net income 1,823 2,395 Average operating assets 25,697 74,620 Average operating liabilities 5,594 15,674 Marginal tax rate 2296 1996 Return on equity 18.5696 5.8696 a. Compute return on net operating assets (RNOA) for each company. b. Disaggregate RNOA into net operating profit margin (NOPM) and net operating asset turnover (NOAT) for each company. Do not round until your final answer. Round answers to two decimal places (percentage example: 0.12345 = 12.35%). HAL SLB RNOA 0.96 0.96 NOPM 0 96 096 NOAT 0 0
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