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PLEASE HELP!!! Compute ROE and Nonoperating Return with Negative NNO and No Noncontrolling Interest Refer to the balance sheets and income statement below for Facebook
PLEASE HELP!!!
Compute ROE and Nonoperating Return with Negative NNO and No Noncontrolling Interest Refer to the balance sheets and income statement below for Facebook Inc. FACEBOOK INC. Consolidated Statement of Income For Year Ended December 31, 5 millions 2018 Revenue $55,838 Costs and expenses Cost of revenue 9,355 Research and development 10.273 Marketing and sales 7.846 General and administrative 3,451 Total costs and expenses 30,925 Income from operations 24.913 Interest and other income (expense), net Income before provision for income taxes 25,361 Provision for income taxes 3,249 Net income $22,112 448 2018 2017 FACEBOOK INC. Consolidated Balance Sheet At December 31, S millions Current assets Cash and cash equivalents Marketable securities Accounts receivable, net Prepaid expenses and other current assets Total current assets Property and equipment, net Intangible assets.net Goodwill Other assets Total assets Current liabilities Accounts payable Partners payable Accrued expenses and other current liabilities Deferred revenue and deposits $10,019 $8,079 31.095 33,632 7,587 5.832 1,779 1,020 50,480 48,563 24,683 13.721 1.294 1.884 18.301 18.221 $2.576 52.135 597,334 584.524 $380 5820 541 5,509 147 2.892 Return to course FACEBOOK INC. Consolidated Balance Sheet At December 31, 5 millions 2018 2017 Current assets Cash and cash equivalents $10,019 58,079 Marketable securities 31.095 33.632 Accounts receivable.net 7.587 5.832 Prepaid expenses and other current assets 1.779 1,020 Total current assets 50.480 42563 Property and equipment net 24,683 13.721 Intangible assets.net 1.294 1,884 Goodwill 18.301 18.221 Other assets $2.576 52.135 Total assets 597 334 54524 Current liabilities Accounts payable 5820 13:30 Partners payable 5.00 300 Accrued expenses and other current abilities 5500 2.02 Deferred revenue and deposits 142 98 Total current abilities 2012 1700 Other abilities 6100 6.417 Total liabilities 1207 10.17 Stockholders' equity 42.906 Common stock and additional paid in capital 10.584 (760) 027 Accumulated other comprehensive loss 41.981 3390 Retained earning 12 Total stockholders equity 307,034 524 Total abilities and stockholders' equity Use these financial statements to answer the requirements. Required For the 2018 fiscal year, Facebook had a return on net operating assets (RNOA) of 57,54% a. Compute ROE Note: Round percentage to two decimal places for example, enter 6,66% for 6.6555%) O Compute net onerating chains INNOL for For the 2018 fiscal year, Facebook had a return on net operating assets (RNOA) of 57.54 a. Compute ROE Note: Round percentage to two decimal places for example, enter 6.6% for 6.6555M). 0 b. Compute net nonoperating obligations (NNO) for 2018 and 2017, net nonoperating expense INNE), and the NNE as a percentage of NNO INNEPI assuming a 22 statutory tax rate. Note: Round NNEP percentage to two decimal places for example, enter 6.66% for 6.6555. 2018 NNO: 0 milion 2017 NNO: 0 million 2018 NNE: 0 million 2018 NNEP: 0 c. Compute FLEV and Spread. Note: For FLEV, round amount to four decimal places for example, enter 6.7756 for 6.7755551 Note: Round Spread percentage to two decimal places (for example, enter 6.66% for 6.6555 2018 FLEV: 0 D 2018: Spread: 0 d. Show that ROERNOA FLEV Spread). Note: For FLEV.round amount to four decimal places for example, enter 6.7756 for 6.7755551 Note: For NOA, Spread, and ROI, round percentages to two decimal places for example, enter 6.66% for 6.6555 1.nov x spread e. What is the nonoperating return for the year? Note: Round Spread percentage to two decimal places for example, enter 6.60% for 6.6555 Check Step by Step Solution
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