Income Statements and Balance Sheets Follow for the New York

Short Answer

Income statements and balance sheets follow for The New York Times Company. Refer to these financial statements to answer the requirements.

Required:
a. Compute net operating profit after tax (NOPAT) for 2016 and 2015. Assume that combined federal and state statutory tax rates are 37% for both years.
b. Compute net operating assets (NOA) for 2016 and 2015.
c. Compute return on net operating assets (RNOA) for 2016 and 2015. Comment on the year-over-year change. Net operating assets are $397,299 thousand in 2014.
d. Disaggregate RNOA into profitability and asset turnover components (NOPM and NOAT, respectively). What explains the year-over-year change in RNOA?