The income statement for TJX Companies follows.

THE TJX COMPANIES, INC. Consolidated Statements of Income
Fiscal Year Ended ($ thousands)	February 2, 2019
Net sales	$38,972,934
Cost of sales, including buying and occupancy costs	27,831,177
Selling, general and administrative expenses	6,923,564
Pension settlement charge	36,122
Interest expense, net	8,860
Income before provision for income taxes	4,173,211
Provision for income taxes	1,113,413
Net income	$3,059,798

Assume that the combined federal and state statutory tax rate is 22%.

a. Compute NOPAT using the formula NOPAT = Net income + NNE.

	Net income	NNE	NOPAT
	Answer	Answer

b. Compute NOPAT using the formula: NOPAT = NOPBT Tax on operating profit.

	NOPBT	Tax on operating profit	NOPAT
	Answer	Answer