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Return on net operating assets (RNOA = NOPAT/Average NOA, see Module 3 ) is commonly used to evaluate financial performance. If managers cannot increase NOPAT,

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Return on net operating assets (RNOA = NOPAT/Average NOA, see Module 3 ) is commonly used to evaluate financial performance. If managers cannot increase NOPAT, they can still increase this return by reducing the amount of net operating assets (NOA). Discuss specific ways that managers could manage inventories, property plant and equipment, accounts payable, and other operating assets or liabilities

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