Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. compute rnoa with disaggregation refer to the bala

Compute RNOA with Disaggregation Refer to the balance sheet information below for Home Depot. $...

60.1K

Verified Solution

Question

Accounting

image

Compute RNOA with Disaggregation Refer to the balance sheet information below for Home Depot. $ millions Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Net sales Operating expense before tax Net operating profit before tax (NOPBT) Other expense Income before tax Tax expense Net income Feb. 3, 2019 Jan. 28, 2018 $42.225 $40,934 1,778 3,595 $44,003 $44,529 $16,679 $16,047 29,202 27,028 $45,881 $43,075 $108,203 92,673 15,530 974 14,556 3,435 $11,121 Round all answers to two decimal places (ex: 0.12345 = 12.35%) a. Compute return on net operating assets (RNOA). % b. Disaggregate RNOA into components of profitability and productivity and show that the product of the two components equals RNOA. Assume a statutory tax rate of 22%. NOPM % NOAT

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