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Compute NOPAT The income statement for TJX Companies follows. Assume that the combined federal and state statutory tax rate is 2 2 % . EXPLAIN
Compute NOPAT
The income statement for TJX Companies follows.
Assume that the combined federal and state statutory tax rate is
EXPLAIN
b Compute NOPAT using the formula: NOPAT NOPBT Tax on operating profit.
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