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oo AT&T LTE 11:17 PM 1 chegg.com Required: Compute net operating profit after tax (NOPAT) for 2013 and 2012. Assume that combined federal and state

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oo AT&T LTE 11:17 PM 1 chegg.com Required: Compute net operating profit after tax (NOPAT) for 2013 and 2012. Assume that combined federal and state statutory tax rates are 37% for both years Compute net operating assets (NOA) for 2013 and 2012. Assume Equity and other investments are operating assets. Compute return on net operating assets (RNOA) for 2013 and 2012. Net operating assets are $17,440 million in 2011 Compute return on equity (ROE) for 2013 and 2012. (Stockholders' equity in 2011 is $57,083 million.) What is nonoperating return component of ROE for 2013 and 2012? Comment on the difference betweern ROE and RNOA. What inference do you draw from this comparison

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