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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.
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. HAL SLB $23,995 $32,815 Total revenue Pretax net nonoperating expense Net income 653 426 1,657 2,177 23,361 67,836 5,888 16,499 Average operating assets Average operating liabilities Marginal tax rate Return on equity 22% 19% 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
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