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You are given reorganized financial statements of an industrial company as follows. Restated balance sheet Operating assets (-) Operating liabilities Net operating assets (NOA) 4,610
You are given reorganized financial statements of an industrial company as follows. Restated balance sheet Operating assets (-) Operating liabilities Net operating assets (NOA) 4,610 625 3,985 4,237 557 3,680 Financial obligations (-) Financial assets Net financial obligations (NFO) Shareholders' equity (CSE) NFO+CSE 2,040 477 1,563 2,422 3,985 1,965 415 1,550 2,130 3,680 Restated income statement Operating revenue (-) Operating expense Operating income (-) Tax on operating income Operating income (after tax) 3,323 2,415 908 296 612 228 68 296 Reported income tax (+) Tax shield on net financial expense Tax on operating income Financial expense (-) Financial income Net financial expense (-) Tax shield on net financial expense Net financial expense (after tax) 195 0 195 68 127 Comprehensive income (CI) 485 Calculate the following financial ratios in 2008, based on the reorganized financial statements. State your answers to the following in 2 decimal places: Calculate the following financial ratios in 2008, based on the reorganized financial statements. State your answers to the following in 2 decimal places: a) Net income profit margin (NIPM) is b) Return on net operating assets (RNOA) is c) Operating liability leverage (OLLEV = Avg. OL/Avg. NOA) is d) Financial leverage ratio (FLEV = Avg. NFO/Avg. CSE) is e) Return on operating assets (ROOA) assuming an after-tax short term ratio r = 1%
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