Compute Net Operating Profit after Tax

Selected balance sheet and income statement information for Home Depot follows.

$ millionsJan. 31, 2016Feb. 01, 2015Operating assets$40,583$38,473Nonoperating assets2,2411,748Total assets42,82440,221Operating liabilities15,01813,527Nonoperating liabilities21,34017,222Total liabilities36,35830,749Sales88,944Net operating profit before tax (NOPBT)12,024Nonoperting expense before tax778Tax expense4,208Net income7,038

Compute net operating profit after tax for the year ended January 31, 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

$Answer

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

$Answer

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