Compute RNOA with Disaggregation
Refer to the
$ millions | Feb. 3, 2019 | Jan. 28, 2018 |
---|---|---|
Operating assets | $9,940 | $9,636 |
Nonoperating assets | 419 | 846 |
Total assets | $10,359 | $10,482 |
Operating liabilities | $3,926 | $3,777 |
Nonoperating liabilities | 6,874 | 6,362 |
Total liabilities | $10,800 | $10,139 |
Net sales | $25,471 | |
Operating expense before tax | 21,815 | |
Net operating profit before tax (NOPBT) | 3,656 | |
Other expense | 229 | |
Income before tax | 3,427 | |
Tax expense | 809 | |
Net income | $2,618 |
a. Compute return on net operating assets (RNOA). Assume a statutory tax rate of 22%.
Note: 1. Select the appropriate numerator and denominator used to compute RNOA from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 RNOA.
Numerator | Denominator | RNOA | |
---|---|---|---|
Answer | Answer | ||
Answer | Answer |
b. Disaggregate RNOA into components of profitability (NOPM) and productivity (NOAT). Assume a statutory tax rate of 22%.
Note: 1. Select the appropriate numerator and denominator used to compute NOPM from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 NOPM.
Numerator | Denominator | NOPM | |
---|---|---|---|
Answer | Answer | ||
Answer | Answer |
Note: 1. Select the appropriate numerator and denominator used to compute NOAT from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 NOAT.
Numerator | Denominator | NOAT | |
---|---|---|---|
Answer | Answer | ||
Answer | Answer |
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