K Grocers' 2016 financial statements show total operating assets of $45,004 million, total operating liabilities of $22,690 million, and net income totaling $1,505 million.
How much are K Grocers' net operating assets (NOA) for the year?
A) $45,004 million
B) $22,314 million
C) $67,694 million
D) There is not enough information to calculate the value

Question

Quizplus · Accepted Answer

NOA = Total operating assets - Total operating liabilities
= $45,004 - $22,690 = $22,314

K Grocers' 2016 Financial Statements Show Total Operating Assets of $45,004