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The following information comes from recent DowDuPont, Inc., income statements. ( In millions, except per share amounts ) For the Years Ended December 3 1

The following information comes from recent DowDuPont, Inc., income statements.
(In millions, except per share amounts) For the Years Ended December 3120192018
Net sales $42,951 $49,604
Cost of sales 36,65741,074
Research and development expenses 765800
Selling, general, and administrative expenses 1,5901,782
Amortization of intangibles 419469
Restructuring, goodwill impairment, and asset-related chargesnet 3,219221
Integration and separation costs 1,0631,179
Equity in earnings of nonconsolidated affiliates (94)555
Sundry income (expense)net 46196
Interest income 8182
Interest expense and amortization of debt discount 9331,063
Income (loss) from continuing operations before income taxes (1,247)3,749
Provision (Credit for income taxes on continuing operations)470809
Income (loss) from continuing operations, net of tax (1,717)2,940
Income from discontinued operations, net of tax 4451,835
Net income (loss) $(1,272) $4,775
c. Compute net operating prot after taxes (NOPAT) and net operating prot margin (NOPM) for each year.
Use an income tax rate of 25%. Round your answers, including percentages, to two decimal places (i.e.0.25686=25.69%)

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