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Compute Net Operating Profit after Tax Refer to the balance sheet information below for Home Depot. Operating assets $ millions Nonoperating assets Total assets
Compute Net Operating Profit after Tax Refer to the balance sheet information below for Home Depot. Operating assets $ millions Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Net sales Operating expense before tax Net operating profit before tax (NOPBT) Other expense Income before tax Tax expense Net income Feb. 3, 2019 Jan. 28, 2018 $42,225 $40,934 1,778 3,595 $44,003 $44,529 $16,679 $16,047 29,202 $45,881 $108,203 $0 92,673 15,530 974 14,556 3,435 $11,121 27,028 $43,075 Assume a statutory tax rate of 22%. Round answers to the nearest whole number. a. Compute NOPAT using the formula: NOPAT = Net income + NNE $0 b. Compute NOPAT using the formula: NOPAT = NOPBT - Tax on operating profit
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