Answered: What is the company's nonoperating…

Business

Finance

What is the company's nonoperating return?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter2: Analysis Of Financial Statements

Section: Chapter Questions

Problem 11PROB

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Question

The year-end balance sheet of Time Company shows net operating profit margin (NOPM) of 3.1%, net operating asset turnover (NOAT) of 4.41, return on equity of 3.5%, and adjusted return on assets of 2.2%.
What is the company's nonoperating return?

		(10.2)%
		1.3%
		(12.3)%
		(10.6)%
		None of these are correct.

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