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Compute RNOA with Disaggregation Refer to the balance sheet information below for Home Depot. $ millions Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating
Compute RNOA with Disaggregation Refer to the balance sheet information below for Home Depot. $ millions Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Net sales Operating expense before tax Net operating profit before tax (NOPBT) Other expense Income before tax Tax expense Net income Feb. 3, 2019 Jan. 28, 2018 $42.225 $40,934 1,778 3,595 $44,003 $44,529 $16,679 $16,047 29,202 27,028 $45,881 $43,075 $108,203 92,673 15,530 974 14,556 3,435 $11,121 Round all answers to two decimal places (ex: 0.12345 = 12.35%) a. Compute return on net operating assets (RNOA). % b. Disaggregate RNOA into components of profitability and productivity and show that the product of the two components equals RNOA. Assume a statutory tax rate of 22%. NOPM % NOAT
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