M3-21. Compute Net Operating Profit after Tax Refer to the income statement information for Home Depot from
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M3-21. Compute Net Operating Profit after Tax Refer to the income statement information for Home Depot from M3-20.
Assume a statutory tax rate of 22% .
a. Compute NO PAT using the formula: NOPAT =Net income+ NNE
$40,934 3,595
$44,529
$16,047 27,028
$43,075
b. Compute NO PAT using the formula: NOPAT = NOPBT - Tax on operating profit
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Related Book For 
Financial Statement Analysis And Valuation
ISBN: 9781618533609
6th Edition
Authors: Peter D. Easton, Mary Lea Mcanally, Gregory A. Sommers
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