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$ millions Jan. 31, 2016 Feb. 01, 2015 Operating assets $40,783 $38,673 Nonoperating assets 2,291 1,798 Total assets 43,074 40,471 Operating liabilities 15,068 13,577 Nonoperating
$ millions | Jan. 31, 2016 | Feb. 01, 2015 |
---|---|---|
Operating assets | $40,783 | $38,673 |
Nonoperating assets | 2,291 | 1,798 |
Total assets | 43,074 | 40,471 |
Operating liabilities | 15,068 | 13,577 |
Nonoperating liabilities | 21,270 | 17,152 |
Total liabilities | 36,338 | 30,729 |
Sales | 89,464 | |
Net operating profit before tax (NOPBT) | 12,224 | |
Nonoperting expense before tax | 828 | |
Tax expense | 4,523 | |
Net income | 6,873 |
Assume a statutory tax rate of 37%. Round answers to the nearest whole number.
a. Compute NOPAT using the formula: NOPAT = Net income + NNE
$Answer
b. Compute NOPAT using the formula: NOPAT = NOPBT Tax on operating profit
$Answer
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