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

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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

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