Selected income statement information for 2013 is presented below for Home Depot, Inc. and Lowe's Companies, Inc.
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Selected income statement information for 2013 is presented below for Home Depot, Inc. and Lowe's Companies, Inc.
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Company ($ millions) Home Depot....... Lowe's .... Ticker HD LOW Net Operating Profit Before Tax $7,766 3,560 Pretax Net Nonoperating Expense $545 423 a. Compute NOPAT for each company. b. Compute NOPAT as a percent of sales for each company. Tax Statutory Expense Tax Rate $2,686 1,178 37% 37% Sales $74,754 50,521
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Related Book For
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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