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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: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter2: Financial Statements And The Annual Report
Section: Chapter Questions
Problem 2.13MCE
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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
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