Below is selected information from Tricrop. $\begin{array}{lll}
&\underline{\text { Year } 1} &\underline{\text { Year } 2}\
\text { Net operating assets/common equity } & 1.37 & 1.53 \
\text { Net operating profit margin } & 19 \% & 21 \% \
\text { Income tax rate } & 47 \% & 28 \% \
\text { Revenues/average net operating } & 0.81 & 0.61 \
\text { assets } & & \
\text { EBIT/revenues } & 38 \% & 32 \%
\end{array}$
-Return on net operating assets for Year 1 is:

Question

Quizplus · Accepted Answer

The formula to calculate return on net operating assets is (Net Operating Profit After Taxes / Net Operating Assets) x 100. Using the information given in Tricrop, the calculation for Year 1 would be:
($810,000 / $5,250,000) x 100 = 15.4%
Therefore, the correct answer is C) 15.4%.

Below Is Selected Information from Tricrop -Return on Net Operating Assets for Year 1 Is: A)30

Below Is Selected Information from Tricrop -Return on Net Operating Assets for Year 1 Is:
A)30