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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% Pretax Net Average Net Nenoperating Tax Operating Company (millions) Ticker Sales NOPET Expense Expense Assets Home Depot HD 3103.203 51409 5935 $3.29 124.203 Lowe's LOW 3.859 599 1,080 2016 a Compute the following measures for both companies Home Depot Rounding Instructions 1. Net operating INOPAT) Round to nearest whole do 2. Return onnet Operating RON Round percentage to one decimal place 3. Net operating protNOPE Round percentage tone decimal place 4. Net NOAT Round amount to two decimal places b. indicate which of these two companies: 1 ore problem 2. Produces the highest magni U NO more ceny 4. Produces the higher NOA 0 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% NOPET Expense Company (s millions) Ticker Home Depot HD Lowe's LOW Pretax Net Nonoperating Expense 3935 599 Sales $108.203 514,909 68,457 3,857 Average Net Operating Assets 524,208 20,326 1.080 a. Compute the following measures for both companies Lowe's 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 $ OS ON 0 % ON 0 % 0 0 b. Indicate which of these two companies: . . 1. Is more profitable in $). 2. Produces the higher profit margin (in) 3. Uses its NOA more efficiently 4. Produces the higher return on NOA Please answer all parts of the

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