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Compute Net Operating Profit after Tax Refer to the balance sheet information below for Home Depot. $ millions Operating assets Nonoperating assets Total assets
Compute Net Operating Profit after Tax Refer to the balance sheet information below for Home Depot. $ millions Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Feb. 3, 2019 Jan. 28, 2018 $35,891) $34,794 1,511 3,056 $37,402 $37,850 $14,177 $13,640 24,822 22,974 $38,999 $36,614 Net sales $91,973 Operating expense before tax 78,772 Net operating profit before tax (NOPBT) 13,201 Other expense 828 Income before tax 12,373 Tax expense 2,920 Net income $9,453 Assume a statutory tax rate of 22%. a. Compute NOPAT for the year ended Feb. 3, 2019 using the formula: NOPAT = Net income + NNE Net income NNE $ $ NOPAT 0 b. Compute NOPAT for the year ended Feb. 3, 2019 using the formula: NOPAT=NOPBT - Tax on operating profit NOPBT Tax on operating profit $ NOPAT $ 0
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