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 22%. Pretax Net Average Net Nonoperating Tax Operating Company ($ millions) Ticker Sales NOPBT Expense Expense Assets Home Depot HD $108,203 $15,530 $974 $3,435 $25,217 Lowe's LOW 71,309 4,018 624 1,080 20,326 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 Home Depot $ 12,113 x $ 43.3 % x 3,134 x 15.1 % X 103,882 % x 68,191 % x 4.4 x 3.4 x b. Indicate which of these two companies: 1. Is more profitable (in $s). Home Depot 2. Produces the higher profit margin (in %). Home Depot 3. Uses its NOA more efficiently. Home Depot 4. Produces the higher return on NOA. Home Depot