Following is the income statement for Lowe$$s Companies Inc.

LOWE$$S COMPANIES INC.

Consolidated Statement of Earnings

Twelve Months Ended $($In millions$)$ Feb. $1,2019$

Net sales $$67,744$

Cost of sales $45,981$

Gross margin $21,763$

Expenses

Selling, general and administrative $16,542$

Depreciation and amortization $1,403$

Operating income $3,818$

Interest expense, net $593$

Pretax earnings $3,225$

Income tax provision $1,026$

Net earnings $$2,199$

Compute its net operating profit after tax $($NOPAT$)$ for the $12$ months ended February $1,2019,$ assuming a $22\%$ total statutory tax rate.

Feb. $1,2019$

NOPAT

LOWE$$S COMPANIES INC.

Consolidated Statement of Earnings

Twelve Months Ended $($In millions$)$ Feb. $1,2019$

Net sales $$67,744$

Cost of sales $45,981$

Gross margin $21,763$

Expenses

Selling, general and administrative $16,542$

Depreciation and amortization $1,403$

Operating income $3,818$

Interest expense, net $593$

Pretax earnings $3,225$

Income tax provision $1,026$

Net earnings $$2,199$

Compute its net operating profit after tax $($NOPAT$)$ for the $12$ months ended February $1,2019,$ assuming a $22\%$ total statutory tax rate.

Feb. $1,2019$

NOPAT Answer

What is the NOPAT?