Refer to the balance sheet information below for Home Depot.

$ millions Feb. $3,2019$ Jan. $28,2018$

Operating assets $$35,891$ $$34,794$

Nonoperating assets $1,5113,056$

Total assets $$37,402$ $$37,850$

Operating liabilities $$14,177$ $$13,640$

Nonoperating liabilities $24,82222,974$

Total liabilities $$38,999$ $$36,614$

Net sales $$91,973$

Operating expense before tax $78,772$

Net operating profit before tax $($NOPBT$)13,201$

Other expense $828$

Income before tax $12,373$

Tax expense $2,920$

Net income $$9,453$

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

Answer $1$

$9,453$

Answer $2$

$828$

$10,281$

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

Answer $3$

$13,201$

Answer $4$

$3,300$

$9,901$