Question
I need assistance in instructions on how to answer the following types of questions. Thanks Identify and Compute NOPAT Following is the income statement for
I need assistance in instructions on how to answer the following types of questions. Thanks
Identify and Compute NOPAT 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 Cost of sales Gross margin Expenses Selling, general and administrative Depreciation and amortization Operating income Interest expense, net Pretax earnings Income tax provision Net earnings 585,571 58,081 27,490 20,896 4822 74g 4073 52,777 Compute its net operating profit after tax (NOPAT) for the 12 months ended February 1, 2019, assuming a 22% total statutory tax rate. Note: Round your answer to the nearest whole dollar (millions).
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