Identify and Compute NOPAT Following is the income statement for Lowes Companies Inc. LOWES COMPANIES INC. Consolidated Statement of Earnings Twelve Months Ended (In millions) Feb. 1, 2019 Net sales $99,833 Cost of sales 67,761 Gross margin 32,072 Expenses Selling, general and administrative 24,378 Depreciation and amortization 2,068 Operating income 5,626 Interest expense, net 874 Pretax earnings 4,752 Income tax provision 1,512 Net earnings $3,240 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