Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Compute Net Operating Assets Refer to the balance sheet information below for Home Depot. $ millions Feb. 3, 2019 Jan. 28, 2018 Operating assets $40,114
Compute Net Operating Assets
Refer to the balance sheet information below for Home Depot.
$ millions | Feb. 3, 2019 | Jan. 28, 2018 |
---|---|---|
Operating assets | $40,114 | $38,887 |
Nonoperating assets | 1,689 | 3,415 |
Total assets | $41,803 | $42,302 |
Operating liabilities | $15,845 | $15,245 |
Nonoperating liabilities | 27,742 | 25,677 |
Total liabilities | $43,587 | $40,922 |
Net sales | $102,793 | |
Operating expense before tax | 88,039 | |
Net operating profit before tax (NOPBT) | 14,754 | |
Other expense | 925 | |
Income before tax | 13,829 | |
Tax expense | 3,263 | |
Net income | $10,566 |
Compute net operating assets for the years ended February 3, 2019, and January 28, 2018.
$ millions | February 3, 2019 | January 28, 2018 |
---|---|---|
Net operating assets (NOA) | Answer? | Answer? |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started