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e Question 1 Incorrect Mark 0.00 out of 2.50 Flag question Compute, Disaggregate, and Interpret RNOA of Competitors Halliburton and Schlumberger compete in the oil
e Question 1 Incorrect Mark 0.00 out of 2.50 Flag question 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 HAL SLB Total revenue $26,395 $36,097 Pretax net nonoperating expense 718 469 Net income 1,574 2,068 Average operating assets 22,193 64,444 Average operating liabilities 6,477 18,149 Marginal tax rate 22% 19% Return on equity 18.56% 5.86% a. Compute return on net operating assets (RNOA) for each company. b. Disaggregate RNOA into net operating profit margin (NOPM) and net operating asset turnover (NOAT) for each company. Do not round until your final answer. Round answers to two decimal places (percentage example: 0.12345 = 12.35%). HAL SLB RNOA 8.09 % X 0% x NOPM 6.74% X 0% X NOAT 0 x
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