Refer to the balance sheet information below for Home Depot. Feb. 3, 2019 Jan. 28, 2018 $35,891 $34,794 1,511 $37,402 $14,177 24,822 $38,999 Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Net sales Operating expense before tax Net operating profit before tax (NOPBT) Other expense Income before tax Tax expense Net income $ millions Net income $ Assume a statutory tax rate of 22%. a. Compute NOPAT for the year ended Feb. 3, 2019 using the formula: NOPAT = Net income + NNE NNE NOPAT $ 9,453 $ 7,361 * $ 7,361 * $ $91,973 78,772 13,201 828 12,373 2,920 $9,453 3,056 $37,850 $13,640 22,974 $36,614 b. Compute NOPAT for the year ended Feb. 3, 2019 using the formula: NOPAT = NOPBT - Tax on operating profit NOPBT Tax on operating profit NOPAT 10,296.78 x $ 16814 -2936
Refer to the balance sheet information below for Home Depot. Feb. 3, 2019 Jan. 28, 2018 $35,891 $34,794 1,511 $37,402 $14,177 24,822 $38,999 Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Net sales Operating expense before tax Net operating profit before tax (NOPBT) Other expense Income before tax Tax expense Net income $ millions Net income $ Assume a statutory tax rate of 22%. a. Compute NOPAT for the year ended Feb. 3, 2019 using the formula: NOPAT = Net income + NNE NNE NOPAT $ 9,453 $ 7,361 * $ 7,361 * $ $91,973 78,772 13,201 828 12,373 2,920 $9,453 3,056 $37,850 $13,640 22,974 $36,614 b. Compute NOPAT for the year ended Feb. 3, 2019 using the formula: NOPAT = NOPBT - Tax on operating profit NOPBT Tax on operating profit NOPAT 10,296.78 x $ 16814 -2936
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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