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 income statement information for Home Depot follows....

90.2K

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

Q

For each of the following, determine the FOS and dn configuration for the transition metals. Be...

Chemistry
Q

Sliding clamps are loaded onto DNA by clamp loaders to serve the critical role of coordinating...

Biology
Q

Objectives Ability to receive input from keyboard Use the printf statement as an alternative to cout. Ability to...

Programming
Q

Clever tests to discriminate between alternative explanations. LaPorta, Lakonishok, Shleifer, and Vishny (“Good News for Value Stocks,”...

Finance
Q

A bullet (m = 10 g) flies horizontally with an initial speed of v = 500...

Physics
Q

The light photons of energy 1 eV and 2 5 eV respectively are made incident...

Physics
Q

Determine whether p and p are logically equivalent or not by completing the given truth...

Basic Math
Q

Suppose the body mass index (BMI) of a group of athletes has a population mean...

Basic Math
Q

Find 3 BA 4 AC if possible 1 03 A B A 2 1 1...

Calculus
Q

On July 1,2021, Truman Company acquired a 70 percent interest in Atlanta Company in exchange...

Accounting
Q

For 2016, Sherri has a short-term loss of $2,890 and a long-term loss of $5,400...

Accounting
Q

journalize the transactions assuming a perpetual inventory system Journalize each of the following...

Accounting