Hello, I am trying to calculate NNEP based on this - not sure how to calculate NNE Dec. 31, 2018Dec. 31, 2017Operating Assets31,92232,463Operating liabilities7,2447,687Net operating assets (NOA)24,67824,776NNO $ 14,830.00 $ 13,154.00Equity $ 9,848 $ 11,622NOA= NNO + Equity $ 24,678 $ 24,776 Compte NOPAT using the formuls NOPAT Net inco NNEA Compute NOPAT wsing the formmula NOPAT NOPRTOPAT sing the formuta NPAT Net inNNENOPRTTax on operating profitProblemsAnalysis and Interpretation of ProfitabilityBalance sheets and income statements for 3M Company follow.P4-412LO4, 5, 6, 7, 83M Company (MMM)3M COMPANYConsolidated Statements of IncomeMBCFor Years Ended December 31 ($ millions)20182017Net sales. . . . ..$32,765$31,657Operating expensesCost of sales..Selling, general and administrative expensesResearch, development and related expenses16,68216,0557,6026,6261,8211,870Gain on sale of businesses(547)(586)Total operating expenses .25,55823,965Operating income.Other expense, net*7,2077,692207144Income before income taxes7,0007,548Provision for income taxes.1,6372,6794,869Net income including noncontrolling interestLess: Net income attributable to noncontrolling interest.5,3631411Net income attributable to 3M. .$ 5,349$ 4,858Interest expense, gross is $350 million in 2018 and $322 million in 2017.3M COMPANYConsolidated Balance Sheets20182017At December 31 ($ millions)$ 2,853$ 3,053076

Net non-operating expense percent is a measure which is used to indicate the ratio of net…

I am trying to calculate NNEP based on this - not sure how to calculate NNE Dec. 31, 2018 Dec. 31, 2017 Operating Assets 31,922 32,463 Operating liabilities 7,244 7,687 Net operating assets (NOA) 24,678 24,776 NNO $ 14,830.00 $ 13,154.00 Equity $ 9,848 $ 11,622 NOA= NNO + Equity $ 24,678 $ 24,776

I am trying to calculate NNEP based on this - not sure how to calculate NNE Dec. 31, 2018 Dec. 31, 2017 Operating Assets 31,922 32,463 Operating liabilities 7,244 7,687 Net operating assets (NOA) 24,678 24,776 NNO $ 14,830.00 $ 13,154.00 Equity $ 9,848 $ 11,622 NOA= NNO + Equity $ 24,678 $ 24,776

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Hello,

I am trying to calculate NNEP based on this - not sure how to calculate NNE

	Dec. 31, 2018	Dec. 31, 2017
Operating Assets	31,922	32,463
Operating liabilities	7,244	7,687
Net operating assets (NOA)	24,678	24,776
NNO	$ 14,830.00	$ 13,154.00
Equity	$ 9,848	$ 11,622
NOA= NNO + Equity	$ 24,678	$ 24,776

Compte NOPAT using the formuls NOPAT Net inco NNE
A Compute NOPAT wsing the formmula NOPAT NOPRT
OPAT sing the formuta NPAT Net in
NNE
NOPRT
Tax on operating profit
Problems
Analysis and Interpretation of Profitability
Balance sheets and income statements for 3M Company follow.
P4-412
LO4, 5, 6, 7, 8
3M Company (MMM)
3M COMPANY
Consolidated Statements of Income
MBC
For Years Ended December 31 ($ millions)
2018
2017
Net sales. . . . ..
$32,765
$31,657
Operating expenses
Cost of sales..
Selling, general and administrative expenses
Research, development and related expenses
16,682
16,055
7,602
6,626
1,821
1,870
Gain on sale of businesses
(547)
(586)
Total operating expenses .
25,558
23,965
Operating income.
Other expense, net*
7,207
7,692
207
144
Income before income taxes
7,000
7,548
Provision for income taxes.
1,637
2,679
4,869
Net income including noncontrolling interest
Less: Net income attributable to noncontrolling interest.
5,363
14
11
Net income attributable to 3M. .
$ 5,349
$ 4,858
Interest expense, gross is $350 million in 2018 and $322 million in 2017.
3M COMPANY
Consolidated Balance Sheets
2018
2017
At December 31 ($ millions)
$ 2,853
$ 3,053
076

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