Homework Answers
RNOA = Net Operating profit after taxes / Average Net operating Assets
29.83% ((7487.89/25105.5)
Working Notes :
Calculation of Net Operating profit after Taxes :
| Net Operating Profit before tax (a) | 11,774.00 | |||
| Less : Non Operating profit before tax (b) | 753.00 | |||
| Taxable Income (c=a-b) | 11,021.00 | |||
| Tax (d) | 4,012.00 | |||
| Tax Rate (e=d/c) | 0.36 | |||
| Net Operating Profit before tax (f=a) | 11,774.00 | |||
| Tax Rate (g=e) | 0.36 | |||
| Net Operating Profit after tax (f*(1-g) | 7,487.88 | |||
| Calculation of Average Net Operating Assets | |||
| Year | 2016 | 2015 | |
| Operating Asset | 40,333.00 | 38,223.00 | |
| Operating Liabilities | 14,918.00 | 13,427.00 | |
| Net Operating Asset | 25,415.00 | 24,796.00 | |
| Average Net Operating Asset | 25,105.50 | ||
Q.2 Use ROE & RNOA to determine non-operating return
Non Operating return = ROE - RNOA
| 59.8143% | (89.64%-29.83%) |
Q.3 NOPM = Net Operating Profit after Taxes / Sales
| 8.46% | (25,105.5/88,519) | |
NOAT = Revenue / Average operating Asset
| 3.53 | (88,519/25,105.5) |
| RONA = NOPM*NOAT | 29.83% |
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Selected balance sheet and income statement information for Home
Depot follows.
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The instructions on how to do the problem is on the first
picture. Where the answers go is on the last picture attached
The Income Statement and Balance Sheet for The Home Depot, Inc. can be found as separate worksheets on tabs (a) and (b), respectively. On worksheet O, prepare a ratio analysis for 2017 and 2016 that includes the following ratios: Current ratio Net income to average common stockholder's equity Inventory turnover Number of days' sales in accounts receivable...
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