Refer to the balance sheet information below for Home Depot. $ millions Feb....
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Refer to the balance sheet information below for Home Depot. $ millions Feb. Jan. 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 $ Assume a statutory tax rate of a Compute NOPAT for the year ended Feb. using the formula: NOPAT Net income NNE Net income NNE NOPAT Answer Answer b Compute NOPAT for the year ended Feb. using the formula: NOPAT NOPBT Tax on operating profit NOPBT Tax on operating profit NOPAT Answer Answer
Refer to the balance sheet information below for Home Depot.
$ millions Feb. Jan.
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 $
Assume a statutory tax rate of
a Compute NOPAT for the year ended Feb. using the formula: NOPAT Net income NNE
Net income NNE NOPAT
Answer
Answer
b Compute NOPAT for the year ended Feb. using the formula: NOPAT NOPBT Tax on operating profit
NOPBT Tax on operating profit NOPAT
Answer
Answer
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