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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

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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 22%. Company ($ millions) Ticker Home Depot HD Lowe's LOW Sales NOPBT $108,203 $15,219 69,883 3,938 Pretax Net Average Net Nonoperating Tax Operating Expense Expense Assets $955 $3,366 $24.713 612 1,080 20,326 a. Compute the following measures for both companies. Home Depot $ OS 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 Lowe's 0 0 % 09 0 % 0% 0 b. Indicate which of these two companies: 0 1. Is more profitable (in Ss). 2. Produces the higher profit margin (in %). 3. Uses its NOA more efficiently. 4. Produces the higher return on NOA. Check

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