Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help calculating 2007 RNOA (Return on Net Operating Assets) = NOPAT/NOA. Income statement items: Earnings before interest and income taxes = 5069, net interest

Need help calculating 2007 RNOA (Return on Net Operating Assets) = NOPAT/NOA. Income statement items: Earnings before interest and income taxes = 5069, net interest expense = 572, Earnings before Income taxes: 4497, Provisions for Income taxes 1710, Net earnings 2787.

image text in transcribed

OA Land Target Corporation Balance Sheet ($ millions, except footnotes) 2007 2006 Assets Ops Asset = OA NOA Cash and cash equivalents $813 $1,648 Non-Ops Asset = NOA OA Credit card receivables 6,194 5,666 Ops Liability = OL OA Inventory 6,254 5,838 Non-Ops Liability = NOL OA Other current assets 1,445 1,253 Total current assets 14,706 14,405 Property and equipment 4,934 4,449 OA Buildings and improvements 16,110 14,174 OA Fixtures and equipment 3,553 3,219 OA Computer hardware and software 2,188 2,214 OA Construction-in-progress 1,596 1,158 Accumulated depreciation -6,950 -6,176 Property and equipment, net 21,431 19,038 OA Other noncurrent assets 1,212 1,552 Total assets $37,349 $34,995 Liabilities and shareholders' investment OL Accounts payable $6,575 $6,268 OL Accrued and other current liabilities 3,180 2,567 NOL notes payable 1,362 753 Total current liabilities 11,117 9,588 NOL Long-term debt 8,675 9,119 OL Deferred income taxes 577 851 OL Other noncurrent liabilities 1,347 1,232 Shareholders' investment Common stock 72 73 Additional paid-in-capital 2,387 2,121 Retained earnings 13,417 12,013 income (loss) -243 -2 Total shareholders' investment 15,633 14,205 Total liabilities and shareholders' equity $37,349 $34,995

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cash, Corruption And Economic Development

Authors: Vikram Vashisht

1st Edition

1032096888, 9781032096889

More Books

Students also viewed these Accounting questions