Identify and Compute NOPAT Following is the income statement for Lowe's Companies Inc. LOWE'S COMPANIES INC. Consolidated Statement of Earnings Feb. 1, Twelve Months Ended (In millions) 2019 Net sales $74,161 Cost of sales 50,337 Gross margin 23,824 Expenses Selling, general and administrative 18,110 Depreciation and amortization 1,536 Operating income 4,178 Interest expense, net 649 Pretax earnings 3,529 Income tax provision 1,123 Net earnings $2,406 Compute its net operating profit after tax (NOPAT) for the 12 months ended February 1, 2019, assuming a 22% total statutory tax rate. Feb. 1, 2019 NOPAT $ 2,912.22
Identify and Compute NOPAT Following is the income statement for Lowe's Companies Inc. LOWE'S COMPANIES INC. Consolidated Statement of Earnings Feb. 1, Twelve Months Ended (In millions) 2019 Net sales $74,161 Cost of sales 50,337 Gross margin 23,824 Expenses Selling, general and administrative 18,110 Depreciation and amortization 1,536 Operating income 4,178 Interest expense, net 649 Pretax earnings 3,529 Income tax provision 1,123 Net earnings $2,406 Compute its net operating profit after tax (NOPAT) for the 12 months ended February 1, 2019, assuming a 22% total statutory tax rate. Feb. 1, 2019 NOPAT $ 2,912.22
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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