Reference no: EM131986380

Question - The 2016 financial statements of The New York Times Company reveal average shareholders' equity attributable to controlling interest of $837,283 thousand, net operating profit after tax of $48,032 thousand, net income attributable to The New York Times Company of $29,068 thousand, and average net operating assets of $354,414 thousand.

The company's return on net operating assets (RNOA) for the year is:

A) 3.5%

B) 6.9%

C) 13.6%

D) 18.7%

E) There is not enough information to calculate the ratio.