Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Support Compute NOPAT The income statement for The TJX Companies, Inc., follows. THE TJX COMPANIES, INC. Consolidated Statements of Income Fiscal Year Ended ($ thousands)

image text in transcribed
image text in transcribed
Support Compute NOPAT The income statement for The TJX Companies, Inc., follows. THE TJX COMPANIES, INC. Consolidated Statements of Income Fiscal Year Ended ($ thousands) January 27, 2007 Net sales $17,404,637 Cost of sales, including buying and occupancy costs 13,213,703 Selling, general and administrative expenses 2,923,560 Provision (credit) for computer intrusion related costs 4,960 Interest expense (revenue), net 15,566 Income from continuing operations before provision for income taxes 1,246,848 Provision for income taxes 470,092 Income from continuing operations 776,756 Gain/(loss) from discontinued operations, net of income taxes Net income $ 776,756 Assume that the combined federal and state statutory tax rate is 39%. Net income $ 776,756 Assume that the combined federal and state statutory tax rate is 39%. a. Compute NOPAT using the formula: NOPAT = Net income + NNE. Round to the nearest whole number. $ 0 b. Compute NOPAT using the formula: NOPAT = NOPBT - Tax on operating profit. Round to the nearest whole number. $ 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Tools for business decision making

Authors: kimmel, weygandt, kieso

4th Edition

978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461

More Books

Students also viewed these Accounting questions