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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)

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 $128,356
Cost of sales 87,122
Gross margin 41,234
Expenses
Selling, general and administrative 31,343
Depreciation and amortization 2,659
Operating income 7,232
Interest expense, net 1,123
Pretax earnings 6,109
Income tax provision 1,944
Net earnings $4,165

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).

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