Selected balance sheet and income statement data follow for Walgreens Boots Alliance, Inc. for the year ended August 31, 2016 (in millions). Use the data to calculate a) return on net operating assets (RNOA), b) net operating profit margin (NOP
M), and c) net operating asset turnover (NOA
T). Confirm that RNOA = NOPM × NOAT.

Question

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The Answer of Selected balance sheet and income statement data follow for Walgreens Boots Alliance, Inc. for the year ended August 31, 2016 (in millions). Use the data to calculate a) return on net operating assets (RNOA), b) net operating profit margin (NOP
M), and c) net operating asset turnover (NOA
T). Confirm that RNOA = NOPM × NOAT.

Selected Balance Sheet and Income Statement Data Follow for Walgreens