Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Identify and Compute NOPAT Following is the income statement for Lowe's Companies Inc. LOWES COMPANIES INC. Consolidated Statement of Earnings Twelve Months Ended (in millions)
Identify and Compute NOPAT Following is the income statement for Lowe's Companies Inc. LOWES COMPANIES INC. Consolidated Statement of Earnings Twelve Months Ended (in millions) Feb. 1, 2019 Net sales 5142,618 Cost of sales 96,302 Gross margin 45.816 Expenses Selling general and administrative 34,826 Depreciation and amortization 2.954 Operating income 8,036 Interest expense.net 1.240 Pretax earning 6.788 Income tax provision 2.160 Net earning $4.628 Compute its net operating profit after tax (NOPAT) for the 12 months ended ended February 1, 2019. assuming a 22% total statutory tax rate. Note: Round your answer to the nearest whole dollar 5
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started