Selected balance sheet and income statement information for EKG Corporation and AMP Company follows ($ millions). Company EKG Corp AMP Company 2017 Sales $37,006 47,409 2017 NOPAT $1,292 1,716 2017 Net Operating Assets $10,007 8,781 Compute the 2017 net operating asset turnover (NOAT) for each company. A) EKG NOAT: B) AMP NOAT: Page 7 of 17 2016 Net Operating Assets $9,437 7,818

See below

Explanation:

Net operating asset turnover ratio is computed as;

= Net sales / Average net operating assets

Company EKG Corp.

Net operating asset turnover ratio = $37,006 / [($1,292 + $10,007)/2]

= $37,006 / $5,650

= 6.55

Corp AMP Company

Net operating asset turnover ratio = $47,409 / [($1,716 + $8,781)/2]

=$47,409 / $6,107

= 7.76

i believe it’s b because the rest don’t make sense