$ millions Feb. 3,2019 Jan. 28,2018 Operating assets $9,940 $9,636 Nonoperating...

90.2K

Verified Solution

Question

Accounting

$ millions Feb. 3,2019 Jan. 28,2018
Operating assets $9,940 $9,636
Nonoperating assets 419846
Total assets $10,359 $10,482
Operating liabilities $3,926 $3,777
Nonoperating liabilities 6,8746,362
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 1
NOPAT
Answer 2
Average NOA
Answer 3
2,847
Answer 4
9,788
29.09

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students