Please use the following information for the next 8 questions, Below is information from reformulated financial statements for Johnson and Johnson Corporation (in millions Operating assets Short-term debt securities Operating liabilities Bonds payable Boook value 2019 $4,750 475 (900) (1585) 2.740 2018 $3,550 1000 (795) (2.155) 1600 Sales Operating expenses Interest revenue Interest expense Tax expense (tax rate - 30%) Earnings (net) 3,100 12,165) 327 (413) (255) $594 Question 19 4 points) Calculate RNOA (return on net operating assets) for 2019: use the average net operating assets in the denominator 22.389 26.74% 19 81% 17.99% Question 20 4 points) Calculate FLEV (Financial leverage for 2019. use average book value and the average ner financial obligations in the calculation. 0.7316 0.8618 0.6427 0.5219 Question 21 (4 points) Calculate the Operating Spread for 2019, use the average net financial obligations in the denominator when calcolating the NBC 16,59% 14.49% 2206% O 5.725 Please use the following information for the next 8 questions, Below is information from reformulated financial statements for Johnson and Johnson Corporation (in millions Operating assets Short-term debt securities Operating liabilities Bonds payable Boook value 2019 $4,750 475 (900) (1585) 2.740 2018 $3,550 1000 (795) (2.155) 1600 Sales Operating expenses Interest revenue Interest expense Tax expense (tax rate - 30%) Earnings (net) 3,100 12,165) 327 (413) (255) $594 Question 19 4 points) Calculate RNOA (return on net operating assets) for 2019: use the average net operating assets in the denominator 22.389 26.74% 19 81% 17.99% Question 20 4 points) Calculate FLEV (Financial leverage for 2019. use average book value and the average ner financial obligations in the calculation. 0.7316 0.8618 0.6427 0.5219 Question 21 (4 points) Calculate the Operating Spread for 2019, use the average net financial obligations in the denominator when calcolating the NBC 16,59% 14.49% 2206% O 5.725