[leo3690]

I need to calculate NOA and I am having trouble identifiying Operating and Nonoperating Assets. I have identified what I think are operating and nonoperating assest so any help would be appreciated. Thanks in advance for anyone's help.

Assets
Cash... 1,648 --> Operating
Accountings Rec... 5,666 --> Operating
Inventory... 5,838 --> Operating
Other current Assets... 1,253 --> Operating
Property net... 19,038 --> Operating
Other noncurrent assets... 1,552 --> Nonoperating

Total Assets... $34,995

Liabilities and Shareholders' Investments
Accounts Payable... $6,268 --> Operating
Accrued liabilities... 2,193 --> Operating
Income taxes payable... 374 --> Operating
Current portion of long-term
Debt and notes payable... 753 --> nonoperating

Total current liabilities... 9,588

Long term debt... 9,119 --> nonoperating
Deferred income taxes... 851 --> Operating
Other noncurrent liabilities... 1,232 --> nonoperating

Shareholders' investment
Common Stock... 73 --> nonoperating
Additional paid-in-capital... 2,121 --> nonoperating
Retained earnings... 12,013 --> nonoperating
Accumulated other
Comprehensive income... (2) --> nonoperating

Total shareholders'
Investment... 14,205

Total liabilities and
Shareholders' investment.. $34,995

[ali886]

Cash is not an operating asset so the basic equation is:


Total Assets - Cash = Operating Assets
Total Liabilities - LTD - Current LTD = Operating Liabilities


NOA = Operating Assets - Operating Liabilities


Read more: http://wiki.answers.com/Q/Formula_for_net_operating_assets#ixzz1C2grqLSC