Question
Compute Net operating profit after tax Selected balance sheet and income statment information for home depot follows millions jan 2016 feb 2015 Operating assets $40,683
Compute Net operating profit after tax
Selected balance sheet and income statment information for home depot follows
millions jan 2016 feb 2015
Operating assets $40,683 $38,573
Non Operating assets 2,266 1,773
Total assets 42,949 40,346
Operating liabilities 15,043 13,552
non operating liabilities 21,275 17,157
Total libilities 36,318 30,709
Sales 89234
Net operating profit before tax (nopbt) 12,124
Non Operating expense before tax 803
Tax expense 4001
Net income 7320
Assume a statutory tax rate of 37%. Round answers to the nearest whole number
- Compute nopat using the formula: NOPAT= Net income +NNE
$
- Compute NOPAT using the formula:NOPAT=NOPBT- Tax on operating profit
$
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