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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 shareholder Net income attributable to Company shareholders Average equity attributable to Company shareholders ROE $ $ % b. RNOA=NOPAT/AverageNOA 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 sharel 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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