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Compute NOPAT Selected income statement information for 2018 is presented below for Home Depot Inc. and Lowe's Companies Inc. Assume the statutory tax rate is
Compute NOPAT Selected income statement information for 2018 is presented below for Home Depot Inc. and Lowe's Companies Inc. Assume the statutory tax rate is 2 Company ($ millions) Ticker Home Depot HD Lowe's LOW Pretax Net Nonoperating Expense $1,003 Sales NOPBT $108,203 $15,996 73,448 4,139 Tax Expense $3,538 1,080 Average Net Operating Assets $25,974 20,326 643 Home Depot Lowe's $ $ a. Compute the following measures for both companies. Measure Rounding Instructions 1. Net operating profit (NOPAT) Round to nearest whole dollar 2. Return on net operating assets (RNOA) Round percentage to one decimal place 3. Net operating profit margin (NOPM) Round percentage to one decimal place 4. Net operating asset turnover (NOAT) Round amount to two decimal places % % % %
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