Calculate the core return of net operating asset (core RNOA).
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The following numbers were calculated from the financial statements for a firm for 2009 and 2008.
2009 2008
Core profit margin 4.7% 5.1%
Asset turnover 2.4 2.5
Calculate the core return of net operating asset (core RNOA).
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The expert calculates the core return of net operating assets.
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Return on net operating asset is a profitability ratio and strong measure of operating performance on assets. Using this measure reduces the affects of debt financing on assets when considering decisions to invest ...
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