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Question 3 Incomplete answer Marked out of 25.00 Analyzing Segment Disclosures Flag question Raytheon Company disclosed the following data related to segment sales and
Question 3 Incomplete answer Marked out of 25.00 Analyzing Segment Disclosures Flag question Raytheon Company disclosed the following data related to segment sales and operating profits for fiscal 2018. $ millions Total Net Sales 2018 Operating Income 2017 2016 2018 Integrated defense systems Intelligence, information and services Missile systems $5,500 $5,166 $4,921 6,722 5,498 5,490 8,298 6,930 6,315 2017 2016 $910 $832 $864 479 405 416 973 1,010 921 Space and airborne systems 6,006 5,723 5,502 564 541 522 (1,347) (1,266) (1,211) 787 767 719 4 29 80 Forcepoint Eliminations Total net sales $25,743 $22,592 $21,539 The company also reported the following on its balance sheet. $ millions 2018 2017 Receivables* $1,467 $1,178 * (net of allowance for doubtful accounts of $12 and $8) Required a. Which segment is largest in 2018? b. Calculate the operating profit margin for each segment and determine which segment is most profitable in 2018 by this measure. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555%).
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