Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

  1. Compute nopat using the formula: NOPAT= Net income +NNE

$

  1. Compute NOPAT using the formula:NOPAT=NOPBT- Tax on operating profit

$

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Managerial Accounting For MBAs

Authors: Peter D. Easton

6th Edition

1618533592, 9781618533593

More Books

Students also viewed these Accounting questions