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Compute NOPAT The income statement for The TJX Companies, Inc., follows. TE TJX COMPANIES, INC. Consolidated Statements of Income Fiscal Year Ended (s thousands) January

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Compute NOPAT The income statement for The TJX Companies, Inc., follows. TE TJX COMPANIES, INC. Consolidated Statements of Income Fiscal Year Ended (s thousands) January 26, 2008 Net sales $18,647,126 Cost of sales, including buying and occupancy costs 14,082,448 Selling, general and administrative expenses 3.126,565 Provision (credit) for computer intrusion related costs 197,022 Interest expense (revenue), net (1,598) Income from continuing operations before provision for income taxes 1,242,689 Provision for income taxes 470,939 Income from continuing operations 771,750 Gain from discontinued operations, net of income taxes Net income $ 771,750 Assume that the combined federal and state statutory tax rate is 39.1%. a. Compute NOPAT using the formula: NOPAT = Net income + NNE. Round to the nearest whole number. $ 772,710 X b. Compute NOPAT using the formula: NOPAT = NOPBT - Tax on operating profit. Round to the nearest whole number. $ 1,241,091 X

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