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Compute RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot follows. S millions Jan. 31, 2016 Feb. 01, 2015 Operating assets
Compute RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot follows. S millions Jan. 31, 2016 Feb. 01, 2015 Operating assets $40.783 $38,673 Nonoperating assets 2,291 1,798 Total assets 43.074 40,471 Operating liabilities 15,068 13,577 Nonoperating liabilities 21,270 17,152 Total liabilities 36.338 30,729 Sales 89.464 Net operating profit before tax (NOPBT) 12,224 Nonoperting expense before tax 828 Tax expense 4.523 Net income 6,873 Round answers to two decimal places (ex: 0.12345 = 12.3596). a. Compute return on net operating assets (RNOA). Assume a statutory tax rate of 37%. 30.31 X % 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 37%. NOPM 8.6 NOAT 3.52
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