Question 3 Not yet answered Compute Net Operating Profit after Tax Refer to the balance sheet information below for Home Depot. Jan. 28, 2018 $35,891 $34,794 1,511 3,056 $37,402 $37,850 $14,177 $13,640 24,822 22,974 $38,999 $36,614 $91,973 78,772 13,201 828 12,373 2,920 $9,453 Operating assets Nonoperating assets Total assets $ millions Operating liabilities Nonoperating liabilities Tax expense Net income Total liabilities Net sales Operating expense before tax Net operating profit before tax (NOPBT) Other expense Income before tax $ Marked out of 2.00 $ Assume a statutory tax rate of 22%. a. Compute NOPAT for the year ended Feb. 3, 2019 using the formula: NOPAT = Net income + NNE Net income NNE NOPAT $ Previous Feb. 3, 2019 b. Compute NOPAT for the year ended Feb. 3, 2019 using the formula: NOPAT = NOPBT - Tax on operating profit NOPBT Tax on operating profit NOPAT $ Save Answers P Flag question 0 $ 0

Compute Net Operating Profit after Tax Refer to the balance sheet information below for Horne Depot. Assume a statutory tax rate of 22%. a. Compute NOPAT for the year ended Feb. 3, 2019 using the formula: NOPAT = Net income + NNE b. Compute NOPAT for the year ended Feb. 3,2019 using the formula: NOPAT = NOPBT - Tax on operating profit