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Compute NOPAT The income statement for The TJX Companies, Inc., follows. THE TJX COMPANIES, INC. Consolidated Statements of Income Fiscal Year Ended (5 thousands) February
Compute NOPAT The income statement for The TJX Companies, Inc., follows. THE TJX COMPANIES, INC. Consolidated Statements of Income Fiscal Year Ended (5 thousands) February 2, 2013 Net sales $25,878,372 Cost of sales, including buying and occupancy costs 18,521,400 Selling, general and administrative expenses 4,250,446 Provision (credit) for computer intrusion related costs Interest expense (revenue), net 29,175 Income from continuing operations before provision for income taxes 3,077,351 Provision for income taxes 1,170,664 Net income $1,906,687 Assume that the combined federal and state statutory tax rate is 39.2%. a. Compute NOPAT using the formula: NOPAT = Net income + NNE. Round to the nearest whole number. $ 3,030,295 X b. Compute NOPAT using the formula: NOPAT = NOPBT - Tax on operating profit. Round to the nearest whole number. $ 0 X Check
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