Homework Help is Here – Start Your Trial Now!
Business
Accounting
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
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
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
Transcribed Image Text: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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS