Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. compute net operating assets selected balance shee

Compute Net Operating Assets Selected balance sheet and...

50.1K

Verified Solution

Question

Accounting

image
image
Compute Net Operating Assets Selected balance sheet and income statement information for Home Depot follows. $ millions Jan. 31, 2016 Feb. 01, 2015 Operating assets $40,683 $38,573 Nonoperating assets 2,266 1,773 Total assets 42.949 40,346 Operating liabilities 15,043 13,552 Nonoperating liabilities 21,275 17.157 Total liabilities 36,318 30.709 Sales 89,234 Net operating profit before tax (NOPBT) 12.124 Nonoperting expense before tax 803 Tax expense 4,001 Net income 7,320 Compute net operating assets for the years ended January 31, 2016 and February 1, 2015. 2016 NOA $0 2015 NOA $ 0 Compute net operating profit after tax for the year ended January 31, 2016. Assume a statutory tax rate of 379. Round answers to the nearest whole number a. Compute NOPAT using the formula: NOPAT = Net Income + NNE 50 b. Compute NOPAT using the formula: NOPAT = NOPBT - Tax on operating profit $ 0

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

What can we learn from the story of Titus about each of the following: (a) the...

Chemistry
1.2K views

Calculate the percent by mass of the element listed first in the formulas for each of...

Mechanical Engineering
1.2K views

A mixture of 92 kg of ZrO2 with 8 kg of CaO is melted into...

Calculus
1.2K views

How many subsets has a finite set with 4 elements

Calculus
1.2K views

Given vectors a 5 3 1 and b 1 3 2 calculate the following 1...

Algebra
1.2K views

Which value for the two classes is the same Class B Class A OA IQR...

Accounting
1.2K views

4. Match accounting assumption with most appropriate statement. A....

Accounting
1.2K views

need help plz Monsta Cola hires us...

Accounting
1.2K views

What is the primary role of a job cost sheet? It lists the materials on...

Accounting
1.2K views

True or False? Brown Corporation reports $100,000 of gain from the sale of land...

Accounting
1.2K views

Blossom has year-end account balances of Sales Revenue $843,779, Interest Revenue $12,160, Cost of Goods...

Accounting
1.2K views

Q:1) Mr. John is considering investing in one of the following options, Stock A or...