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Compute Net Operating Profit after Tax Refer to the balance sheet information below for Home Depot. $ millions Feb. 3, 2019 Jan. 28, 2018 Operating

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Compute Net Operating Profit after Tax 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 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 $ $ $

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