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Selected balance sheet and income statement information for Home Depot follows. $ millions Jan. 31, 2016 Feb. 01, 2015 Operating assets $40,333 $38,223 Nonoperating assets
Selected balance sheet and income statement information for Home Depot follows.
$ millions | Jan. 31, 2016 | Feb. 01, 2015 |
---|---|---|
Operating assets | $40,333 | $38,223 |
Nonoperating assets | 2,216 | 1,723 |
Total assets | 42,549 | 39,946 |
Operating liabilities | 14,918 | 13,427 |
Nonoperating liabilities | 21,315 | 17,197 |
Total liabilities | 36,233 | 30,624 |
Total stockholders' equity | 6,316 | 9,322 |
Sales | 88,519 | |
Net operating profit before tax (NOPBT) | 11,774 | |
Nonoperting expense before tax | 753 | |
Tax expense | 4,012 | |
Net income | 7,009 |
|
Compute return on net operating assets
Use ROE and RNOA to determine the nonoperating return for the year
Disaggregate RNOA into components of profitability and productivity and show that the product of the two components equals RNOA ( Net operating profit margin, Net operating asset turnover, and Return on net operating assets)
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