(a) Compute net operating profit after tax (NOPAT) for 2018. Assume that the combined federal and state statutory tax rate is 22%. (Round your answer to the nearest whole number.) 2018 NOPAT =Answer
($ millions)
(b) Compute net operating assets (NOA) for 2018 and 2017.
2018 NOA =Answer
($ millions)
2017 NOA =Answer
($ millions)
(c) Compute and disaggregate 3M’s RNOA into net operating profit margin (NOPM) and net operating asset turnover (NOAT) for 2018. Demonstrate that RNOA = NOPM × NOAT. (Round your answers to two decimal places. Do not round until your final answer. Do not use NOPM x NOAT to calculate RNOA.)
2018 RNOA =Answer
%
2018 NOPM =Answer
%
2018 NOAT =Answer
(d) Compute net nonoperating obligations (NNO) for 2018 and 2017. Confirm the relation: NOA = NNO + Total equity
2018 NNO =Answer
($ millions)
2017 NNO =Answer
($ millions)
(e) Compute return on equity (ROE) for 2018. (Round your answers to two decimal places. Do not round until your final answer.)
2018 ROE =Answer
%
(f) What is the nonoperating return component of ROE for 2018?(Round your answers to two decimal places.)
2018 nonoperating return =Answer
%