Answered step by step
Verified Expert Solution
Question
1 Approved Answer
NOPM is 8.41%, i need the RNOA for part A Compute RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot follows.
NOPM is 8.41%, i need the RNOA for part A
Compute RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot follows. $ millions Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Jan. 31, 2016 Feb. 01, 2015 $40,858 $38,748 2,321 1,828 43,179 40,576 15,093 13,602 21,320 17,202 36,413 30,804 89,599 Sales Net operating profit before tax (NOPBT) Nonoperting expense before tax 12,299 858 Tax expense 4,428 7,013 Net income Round answers to two decimal places (ex: 0.12345 = 12.35%). a. Compute return on net operating assets (RNOA). Assume a statutory tax rate of 37%. 29.62 X % b. Disaggregate RNOA into components of profitability and productivity and show that the product of the two components equals RNOA. Assume a statutory tax rate of 37%. NOPM 8.65 X % NOAT 3.52Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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