Use following information to calculate Return on Net Operating Profit Margin (NOPM) for Walmart for 2011:

Walmart
INCOME STATEMENT	2010	2011
TOTAL REVENUE		421,849
OPERATING EXPENSES		396,307
OPERATING PROFIT (EBIT)		25,542
Non-operating Expenses(Net Interest expense)		2,004
TAXABLE PROFIT (EBT)		23,538
Tax		7,579
NET INCOME FROM CONTINUED OPERATIONS		15,959
BALANCE SHEET	2010	2011	AVERAGE
OPERATING ASSETS	162,360	173,137	167,749
NON-OPERATING ASSETS	8,047	7,526	7,787
TOTAL ASSETS	170,407	180,663	175,535
OPERATING LIABILITY	56,040	59,097	57,569
NON-OPERATING LIABILITY	41,719	50,319	46,019
SH EQUITY	72,648	71,247	71,948
TOTAL LIAB + EQUITY	170,407	180,663	175,535

calculate Return on Net Operating Profit Margin (NOPM) for Walmart for 2011:

	A.	9.78%
	B.	2.09%
	C.	4.08%
	D.	2.87%
	E.	5.23%