Identify and Compute Net Operating Assets Following is the balance sheet for Lowes Companies Inc. Identify and compute net operating assets (NOA) as of February 1, 2019. Assume that longterm investments are nonoperating.

OWES COMPANIES INC.
Consolidated Balance Sheet
$ millions, except par value Feb. 1, 2019
Current assets
Cash and cash equivalents	$307
Short-term investments	131
Merchandise inventorynet	7,537
Other current assets	563
Total current assets	8,538
Property, less accumulated depreciation	11,059
Long-term investments	154
Deferred income taxesnet	176
Goodwill	182
Other assets	597
Total assets	$20,706
Current liabilities
Short-term borrowings	$433
Current maturities of long-term debt	666
Accounts payable	4,967
Accrued compensation and employee benefits	397
Deferred revenue	779
Other current liabilities	1,455
Total current liabilities	8,697
Long-term debt, excluding current maturities	8,635
Deferred revenueextended protection plans	496
Other liabilities	689
Total liabilities	18,517
Shareholders equity
Preferred stock$5 par value, none issued	-
Common stock$0.50 par value	243
Capital in excess of par value	-
Retained earnings	2,071
Accumulated other comprehensive loss	125
Total shareholders equity	2,189
Total liabilities and shareholders equity	$20,706