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

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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

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