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5. (9 points)Selected income statement and balance sheet data follow for Snap-On Incorporated for fiscal...

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Accounting

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5. (9 points)Selected income statement and balance sheet data follow for Snap-On Incorporated for fiscal 2016 and 2015. Use these data to calculate a) FLEV, b) spread, and c) return on equity (ROE) for fiscal 2016 only (in millions) 2016 2015 Net nonoperating expenses, after tax (NNE) $33.3 $3,567.8 $932.6 $ 34.2 Net operating assets (NOA $3,218.0 Net nonoperating obligations (NNO) $ 787.3 Return on net operating assets (RNOA) 17.5% 16.8%

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