Compute NOPAT The income statement for TJX Companies follows.

THE TJX COMPANIES, INC. Consolidated Statements of Income
Fiscal Year Ended ($ thousands)	February 2, 2019
Net sales	$38,973,259
Cost of sales, including buying and occupancy costs	27,831,502
Selling, general and administrative expenses	6,923,889
Pension settlement charge	36,447
Interest expense, net	9,185
Income before provision for income taxes	4,172,236
Provision for income taxes	1,113,738
Net income	$3,058,498

Assume that the combined federal and state statutory tax rate is 22%.

a. Compute NOPAT using the formula: NOPAT = Net income + NNE.

	Net income	NNE	NOPAT

b. Compute NOPAT using the formula: NOPAT = NOPBT Tax on operating profit.

	NOPBT	Tax on operating profit	NOPAT