
Financial & Managerial Accounting
13th Edition
ISBN: 9781285866307
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Transcribed Image Text:Selected balance sheet and income statement information for Home Depot follows.
$ millions
Jan. 31, 2016 Feb. 01, 2015
Operating assets
$40,333
$38,223
Nonoperating assets
2,216
1,723
Total assets
42,549
39,946
Operating liabilities
14,918
13,427
Nonoperating liabilities
21,315
17,197
Total liabilities
36,233
30,624
Total stockholders' equity 6,316
9,322
Sales
88,519
Net operating profit before tax (NOPBT) 11,774
Nonoperting expense before tax
Tax expense
Net income
753
4,012
7,009
Compute the return on equity for the year ended January 31, 2016.
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