Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please Fix Selected balance sheet and income statement information from illinois Tool Works follows. $ millions 2019 2018 2017 Net operating profit after tax (NOPAT)
Please Fix
Selected balance sheet and income statement information from illinois Tool Works follows. $ millions 2019 2018 2017 Net operating profit after tax (NOPAT) $2,480 $2,575 Net income 2,395 2,435 Total assets 13,561 13,383 $15,102 Equity 2,723 2,929 2.929 Net operating profit after tax (NOA) 7,982 8.516 9,080 Treasury stock 18,033 16,668 14,784 a. Compute profitability measures: RNOA, ROA and ROE for 2019 and 2018 using the numbers as reported by the company. Note: Round answers to one decimal place (ex: 0.2345 = 23.5%). 2018 29.3 % 17.1% 83.1 % Metric RNOA ROA 2019 30.1 % 17.8 % 84.7% ROE b. Adjust equity and total assets for the amount of treasury stock. $ millions 2019 2018 2017 Assets, restated $ 31,594 5 19,597 * $ 17,713 x Equity, restated 20,756 $ 19,597 $ 17,713Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started