Compute return on net operating assets (RNOA) for fiscal year 2009 and 2008. Be sure to use average net operating assets in the denominator.

F. Compute return on net operating assets (RNOA) for fiscal year 2009 and 2008. Be sure to use average net operating assets in the denominator.
RNOA = Net operating profit after tax / Average net operating assets
Fiscal 2009
$525.87 / (4185 + 3723) / 2 = 13.3%
Fiscal 2008
$481.57 / (3723 + 3612) / 2 = 13.13%
IS THIS CORRECT?
 
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