Compute Net Operating Profit after Tax Selected balance sheet and income statement information for Home Depot follows. $ millions Jan. 31, 2016 Feb. 01, 2015 Operating assets $40,583 $38,473 Nonoperating assets 2,241 1,748 Total assets 42,824 40,221 Operating liabilities 15,018 13,527 Nonoperating liabilities 21,340 17,222 Total liabilities 36,358 30,749 Sales 88,944 Net operating profit before tax (NOPBT) 12,024 Nonoperting expense before tax 778 Tax expense 4,208 Net income 7,038 Compute net operating profit after tax for the year ended January 3, 2016. Assume a statutory tax rate of 37%. Round answers to the nearest whole number. a. Compute NOPAT using the formula: NOPAT = Net income + NNE $ 25,359 X b. Compute NOPAT using the formula: NOPAT = NOPBT - Tax on operating profit $ 7,816 X Check