t important to consider ROE and not just net income in dollar terms? How does return on equity (ROE) and return on net operating assets (RNOA) differ?...
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<ol><li><span style="color:rgb(51,51,51);">What does return on equity (ROE) measure? 

Why is it important to consider ROE and not just net income in dollar terms?</span></li><li>How does return on equity (ROE) and return on net operating assets (RNOA) differ? Explain what the nonoperating portion of ROE represents?</li><li>In general, what is a company's "marginal" tax rate?  What is meant by the term "tax shield"? Explain the importance of considering the tax shield that arises from debt.</li><li>How do you c<span style="color:rgb(51,51,51);">alculate </span><strong>net operating assets </strong><span style="color:rgb(51,51,51);">(if can provide and example would be very helpful) </span></li></ol>

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