Selected balance sheet and income statement data follow for The New York Times Company for fiscal 2018 (in thousands).

2018 Net income attributable to New York Times common stockholders	2018 NOPAT	2018 Net operating assets	2017 Net operating assets	2018 Common equity	2017 Common equity
$14,000	$20,000	$500,000	$400,000	$800,000	$600,000

Use the data to calculate the Return on net operating assets (RNOA)

		4.44%
		11.11%
		13.2%
		12.4%