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		$57,047
Cost of sales		38,721
Gross margin		18,326
Expenses
Selling, general and administrative		13,930
Depreciation and amortization		1,182
Operating income		3,214
Interest expense, net		499
Pretax earnings		2,715
Income tax provision		864
Net earnings		$1,851

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). $Answer

Compute RNOA, Net Operating Profit Margin, and NOA Turnover for Competitors Selected balance sheet and income statement information for the fiscal year ended February 2, 2019, for Abercrombie & Fitch Co. and TJX Companies Inc., clothing retailers in the highend and valuepriced segments, respectively, follows.

					Current	Prior
					Year Net	Year Net
					Operating	Operating
Company ($ millions)		Ticker	Sales	NOPAT	Assets	Assets
Abercrombie & Fitch		ANF	$3,590.10	$84.78	$768.53	$877.30
TJX Companies		TJX	37,803.71	2,974.70	4,252.00	3,990.87

Compute the following ratios for both companies for the fiscal year ended February 2, 2019. Note: For RNOA and NOPM, round percentage to one decimal places (for example, enter 6.7% for 6.6555%). Note: For NOAT, round amount to two decimal places (for example, enter 6.78 for 6.77555).

		ANF	TJX
a.	Return on net operating assets (RNOA)	Answer	Answer
b.	Net operating profit margin (NOPM)	Answer	Answer
c.	Net operating asset turnover (NOAT)	Answer	Answer