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.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 93.6C
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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.
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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