Reference no: EM132992288
Selected balance sheet and income statement information from Illinois Tool Works follows.
$ millions 2019 2018 2017
Net operating profit after tax (NOPAT) $2,610 $2,711
Net income 2,521 2,563
Total assets 15,068 14,870 $16,780
Equity 3,026 3,254 3,254
Net operating profit after tax (NOA) 8,869 9,462 10,089
Treasury stock 18,982 17,545 15,562
Problem 1: Compute profitability measures: RNOA, ROA and ROE for 2019 and 2018 using the numbers as reported by the company.
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