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Compute ROE and Nonoperating Return with Negative NNO and No Noncontrolling Interest Refer to the balance sheets and income statement below for Facebook Inc. FACEBOOK
Compute ROE and Nonoperating Return with Negative NNO and No Noncontrolling Interest Refer to the balance sheets and income statement below for Facebook Inc. FACEBOOK INC. b. Compute net nonoperating obligations (NNO) for 2018 and 2017 , net nonoperating expense (NNE), and the NNE as a percentage of NNO (NNEP), assuming a 22% statutory tax rate. c. Compute FLEV and Spread. d. Show that ROE = RNOA + (FLEV Spread). Compute ROE and Nonoperating Return with Negative NNO and No Noncontrolling Interest Refer to the balance sheets and income statement below for Facebook Inc. FACEBOOK INC. b. Compute net nonoperating obligations (NNO) for 2018 and 2017 , net nonoperating expense (NNE), and the NNE as a percentage of NNO (NNEP), assuming a 22% statutory tax rate. c. Compute FLEV and Spread. d. Show that ROE = RNOA + (FLEV Spread)
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