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Computing NOPAT, NOPM and RNOA LVMH Mot Hennessy Louis Vuitton SE (LVMH) is a French multinational luxury goods conglomerate headquartered in Paris. The following information

Computing NOPAT, NOPM and RNOA LVMH Mot Hennessy Louis Vuitton SE (LVMH) is a French multinational luxury goods conglomerate headquartered in Paris. The following information is selected from their 2020 annual report. ( millions) 2020 2019 Revenue 44,651 53,670 Operating income 7,972 11,273 Net financial income/(expense) (608) (559) Net income 4,702 7,171 Operating assets 107,932 95,592 Operating liabilities 45,139 45,431 LVMH has an income tax rate of approximately 30% a. Compute LVMH's net operating prot after taxes (NOPAT) for 2020 and 2019. Round answers to one decimal place. 2019 Answer 4,704.4 2020 Answer 4,704.4

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