F. Compute return on net operating assets (RNOA) for fiscal year 2009 and 2008. Be sure to use average net operating assets in the denominator.
RNOA = Net operating profit after tax / Average net operating assets
Fiscal 2009
$525.87 / (4185 + 3723) / 2 = 13.3%
Fiscal 2008
$481.57 / (3723 + 3612) / 2 = 13.13%
IS THIS CORRECT?
Hi there! Click one of our representatives below and we will get back to you as soon as possible.