Compute return on net operating assets for each company

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Problem

Halliburton and Schlumberger compete in the oil field services sector. Refer to the following financial data for the two companies to answer the requirements. $ millions HAL SLB Total revenue $23,995 $32,815 Pretax net nonoperating expense 653 426 Net income 1,657 2,177 Average operating assets 23,361 67,836 Average operating liabilities 5,888 16,499 Marginal tax rate 22% 19% Return on equity 18.56% 5.86%. Get the instant assignment help. Compute return on net operating assets (RNOA) for each company.

Reference no: EM133927207

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