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Please show stewp by step calculations of the following questions below. Thank you. FACEBOOK INC. Consolidated Statement of Income For Year Ended December 31, $

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Please show stewp by step calculations of the following questions below. Thank you.

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FACEBOOK INC. Consolidated Statement of Income For Year Ended December 31, $ 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 FACEBOOK INC. Consolidated Balance Sheet At December 31. $ millions 2018 2017 Current assets Cash and cash equivalents $10.019 $8.079 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 48,563 Property and equipment, net 24,683 13,721 Intangible assets, net 1,294 1,884 Goodwill 18,301 18,221 Other assets $2,576 $2,135 Total assets 597,334 $84,524 Current liabilities Accounts payable $820 $380 Partners payable 541 390 Accrued expenses and other current liabilities |5,509 2,892 Deferred revenue and deposits 147 Total current liabilities 7.017 3.760 Other liabilities 6.190 6,417 Total liabilities 13,207 10,177 Stockholders' equity Common stock and additional paid-in capital 2,906 40,584 cumulated other comprehensive loss (760) (227) Retained earnings 41.981 33,990 Total stockholders' equity 84.127 74,347 tal liabilities and stockholders' equity $97,334 $84,524 Use these financial statements to answer the requirements. Required a. Compute net operating profit after tax (NOPAT) for 2018. Assume that the combined federal and state statutory tax rate is 229%. Hint: Carefully consider whether nonoperating expense is positive or negative. Note: Round answer to the nearest million. $ 24,466 x ($ millions b. Compute net operating assets (NOA) for 2018 and 2017. NOA for 2017: 50,480 x NOA for 2018: 0 c. Compute RNOA and disaggregate it into net operating profit margin (NOPM) and net operating asset turnover (NOAT) for 2018. Note: For NOPM and RNOA, round percentages to two decimal places (for example, enter 6.669% for 6.655546). Note: For NOAT, round amount to four decimal places (for example, enter 6.7756 for 6.775555). NOPM * NOAT = RNOA 0 9% x x 0 * = 24.32 9% x d. Compute return on equity (ROE) for 2018. Note: Round percentage to two decimal places (for example, enter 6.66% for 6.65559%). 27.91 V

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