Compute and Interpret Ratios Selected balance sheet and income statement information from Illinois Tool Works follows. $ millions 2019 2018 2017 Net operating profit after tax (NOPAT) $2,897 $3,009 Net income 2,798 2,845 Total assets 15,671 15,465 $17,451 Equity 3,147 3,384 3,384 Net operating profit after tax (NOA) 9,224 9,840 10,493 Treasury stock 21,070 19,475 17,274 b. Adjust equity and total assets for the amount of treasury stock. $ millions 2019 2018 2017 Assets, restated Answer Answer Answer Equity, restated Answer Answer Answer
Compute and Interpret Ratios Selected balance sheet and income statement information from Illinois Tool Works follows. $ millions 2019 2018 2017 Net operating profit after tax (NOPAT) $2,897 $3,009 Net income 2,798 2,845 Total assets 15,671 15,465 $17,451 Equity 3,147 3,384 3,384 Net operating profit after tax (NOA) 9,224 9,840 10,493 Treasury stock 21,070 19,475 17,274 b. Adjust equity and total assets for the amount of treasury stock. $ millions 2019 2018 2017 Assets, restated Answer Answer Answer Equity, restated Answer Answer Answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Compute and Interpret Ratios
Selected balance sheet and income statement information from Illinois Tool Works follows.
| $ millions | 2019 | 2018 | 2017 |
|---|---|---|---|
| $2,897 | $3,009 | ||
| Net income | 2,798 | 2,845 | |
| Total assets | 15,671 | 15,465 | $17,451 |
| Equity | 3,147 | 3,384 | 3,384 |
| Net operating profit after tax (NOA) | 9,224 | 9,840 | 10,493 |
| 21,070 | 19,475 | 17,274 |
b. Adjust equity and total assets for the amount of treasury stock.
| $ millions | 2019 | 2018 | 2017 |
|---|---|---|---|
| Assets, restated | Answer
|
Answer
|
Answer
|
| Equity, restated | Answer
|
Answer
|
Answer
|
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