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QUESTION

The 2016 financial statements of The New York Times Company reveal average shareholders' equity attributable to controlling interest of $837,283

The 2016 financial statements of The New York Times Company reveal average shareholders' equity attributable to controlling interest of $837,283 thousand, net operating profit after tax of $48,032 thousand, net income attributable to The New York Times Company of $29,068 thousand, and average net operating assets of $354,414 thousand.

     The company's return on net operating assets (RNOA) for the year is:

A)    3.5%

B)    6.9%

C)  13.6%

D)  18.7%

E)  There is not enough information to calculate the ratio.

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