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Compute RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot follows. $ millions Jan. 31, 2016 Feb. 01, 2015 Operating assets

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Compute RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot follows. $ millions Jan. 31, 2016 Feb. 01, 2015 Operating assets $40.858 $38,748 Nonoperating assets 2.321 1,828 Total assets 43.179 40,576 Operating liabilities 15,093 13,602 Nonoperating liabilities 21,320 17,202 Total liabilities 36.413 30,804 Sales 89.599 Net operating profit before tax (NOPET) 12.299 Nonoperting expense before tax 858 Tax expense 4,428 Net income 7,013 Round answers to two decimal places (ex: 0.12345 = 12.35%). a. Compute return on net operating assets (RNOA). Assume a statutory tax rate of 37%. * % 30.44 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 379. NOPM 8.65 NOAT 3.52

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