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Directly Compute Nonoperating Return with Noncontrolling Interest Selected balance sheet and income statement information from Abbott Laboratories for 2018 follows ($ millions). Compute the following
Directly Compute Nonoperating Return with Noncontrolling Interest Selected balance sheet and income statement information from Abbott Laboratories for 2018 follows (\$ millions). Compute the following measures a through h. a. Return on equity = (Net income attributable to Company shareholders/Average equity attributable to Company shareholders) b. RNOA = NOPAT/Average NOA c. Nonoperating return = ROE RNOA d. NNEP = NNE/Average NNO e. Spread = RNOA - NNEP f. FLEV = Average NNO/Average total equity g. NCI ratio = (Net income attributable to Company shareholders/Net income)/(Average equity attributable to Company sharehold Net income attributable to Company shareholders/Net income Average equity attributable to Company shareholders/Average total equity h. ROE =(RNOA+( Spread FLEV ))NC ratio. Final ROE number will be off because of rounding
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