The following numbers were calculated from the financial statements for a firm for 2009 and 2008.
Core profit margin 4.7% 5.1%
Asset turnover 2.4 2.5
Calculate the core return of net operating asset (core RNOA).© BrainMass Inc. brainmass.com June 3, 2020, 11:32 pm ad1c9bdddf
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 ...
The expert calculates the core return of net operating assets.