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When I posted this question last time, the answers were all wrong. Please help me with this question. Thank you Question 7 Incorrect Mark 0.00

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When I posted this question last time, the answers were all wrong. Please help me with this question. Thank you

Question 7 Incorrect Mark 0.00 out of 7.00 Flag question Analysis and Interpretation of Ratios When RNOA Exceeds ROE Refer to the balance sheets and income statement below for Facebook Inc. FACEBOOK INC. Consolidated Statement of Income For Year Ended December 31, $ millions 2018 Revenue $52,767 Costs and expenses Cost of revenue 9,355 Research and development 10,273 Marketing and sales 7,846 General and administrative 3,451 Total costs and expenses 30,925 Income from operations 21,842 Interest and other income (expense), net 448 Income before provision for income taxes 22,290 Provision for income taxes 3,249 Net income $19,041 FACEBOOK INC. Consolidated Balance Sheet At December 31, $ millions 2018 2017 Current assets Cash and cash equivalents $10,019 $8,079 Marketable securities 31,095 33,632 Accounts receivable, net 7,170 5,832 Prepaid expenses and other current assets 1,779 1,020 Total current assets 50,063 48,563 Property and equipment, net 24,683 13,721 Intangible assets, net 1,294 1,884 Goodwill 18,301 18,221 Other assets $2,576 $2,135 Total assets $96,917 $84,524 Current liabilities Accounts payable $820 $380 Partners payable 541 390 Accrued expenses and other current liabilities 5,509 2,892 Deferred revenue and deposits 147 98 Total current liabilities 7,017 3,760 Other liabilities 6,190 6,417 Total liabilities 13,207 10,177 Stockholders' equity Common stock and additional paid-in capital 42.906 40,584 Accumulated other comprehensive loss (760) (227) Retained earnings 41,564 33,990 Total stockholders' equity 83,710 74,347 Total liabilities and stockholders' equity $96,917 $84,524 Use these financial statements to answer the requirements. Required a. Compute net operating profit after tax (NOPAT) for 2018. Assume that the combined federal and state statutory tax rate is 22%. $ 18,593 X ($ millions) b. Compute net operating assets (NOA) for 2018 and 2017. NOA for 2017: 0 x NOA for 2018: 0 X c. Compute RNOA and disaggregate it into net operating profit margin (NOPM) and net operating asset turnover (NOAT) for 2018. Note: For NOPM and RNOA, round percentages to two decimal places (for example, enter 6.66% for 6.6555%). Note: For NOAT, round amount to four decimal places (for example, enter 6.7756 for 6.775555). NOPM XNOAT = RNOA 0 X%x 0 X = 0 X% d. Compute return on equity (ROE) for 2018. Note: Round percentage to two decimal places (for example, enter 6.66% for 6.6555%). 0 X % Check

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