Question
Compute Net Operating Profit after Tax Selected balance sheet and income statement information for Home Depot follows. $ millions Jan. 31, 2016 Feb. 01, 2015
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 $40,683 $38,573
Nonoperating assets $2,266 $1,773
Total assets $42,949 $40,346
Operating liabilities $15,043 $13,552
Nonoperating liabilities $21,275 $17,157
Total liabilities $36,318 $30,709
Total stockholders' equity $6,631 $9,637
Sales $89,234
Net operating profit before tax (NOPBT) $12,124
Nonoperting expense before tax $803
Tax expense $4,001
Net income $7,320
Compute net operating profit after tax for the year ended January 31, 2016. Assume a statutory tax rate of 37%.
Round answer to the nearest whole number.
$Answer
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