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	$61,326
Cost of sales	41,625
Gross margin	19,701
Expenses
Selling, general and administrative	14,975
Depreciation and amortization	1,270
Operating income	3,456
Interest expense, net	537
Pretax earnings	2,919
Income tax provision	929
Net earnings	$1,990

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