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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
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%. Company ($ millions) Ticker Home Depot Lowe's Sales NOPBT HD $108,203 $15,530 LOW 71,309 4,018 Pretax Net Nonoperating Expense Expense $974 $3,435 Average Net Tax 624 1,080 Operating Assets $25,217 20,326 a. Compute the following measures for both companies. 1. NOPAT Company NOPAT Home Depot $ Lowe's $ 0 0 2. RNOA Note: 1. Select the appropriate numerator and denominator used to compute RNOA from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute RNOA. Company RNOA Home Depot $ $ Lowe's Numerator 0 $ 0 $ Denominator 0 % 0 3. NOPM Note: 1. Select the appropriate numerator and denominator used to compute NOPM from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute NOPM. Company Numerator Home Depot $ Lowe's $ 0 $ 0 $ Denominator NOPM 0 % 0 %
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