Identify and Compute Net Operating Assets

Following is the balance sheet for Lowe$$s Companies Inc.

LOWE$$S COMPANIES INC.

Consolidated Balance Sheet

$ millions, except par value Feb. $1,2019$

Current assets

Cash and cash equivalents $$218$

Short$-$term investments $93$

Merchandise inventory$$net $5,357$

Other current assets $400$

Total current assets $6,068$

Property, less accumulated depreciation $7,861$

Long$-$term investments $109$

Deferred income taxes$$net $125$

Goodwill $129$

Other assets $424$

Total assets $$14,716$

Current liabilities

Short$-$term borrowings $$308$

Current maturities of long$-$term debt $473$

Accounts payable $3,531$

Accrued compensation and employee benefits $282$

Deferred revenue $554$

Other current liabilities $1,034$

Total current liabilities $6,182$

Long$-$term debt, excluding current maturities $6,138$

Deferred revenue$$extended protection plans $353$

Other liabilities $490$

Total liabilities $13,163$

Shareholders$$ equity

Preferred stock$$$$5$ par value, none issued $-$

Common stock$$$$0\mathrm{.}50$ par value $170$

Capital in excess of par value $-$

Retained earnings $1,472$

Accumulated other comprehensive loss $(89)$

Total shareholders$$ equity $1,553$

Total liabilities and shareholders$$ equity $$14,716$

Identify and compute net operating assets $($NOA$)$ as of February $1,2019.$ Assume that long$$term investments are nonoperating.

Feb. $01,2019$

NOA Answer