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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
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 $24,661 $33,481 1,319 1,092 2,323 2,843 24,027 68,502 6,554 17,165 22% 18.56% 19% 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 RNOA Denominator HAL SLB 0 0 = 0 0 % % 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 Denominator Numerator NOPM HAL SLB 0 0 0 0 % % 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 NOAT Numerator Denominator HAL SLB 0 0 0 0
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