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Refer to the balance sheet information below for Home Depot. $ millions Feb....

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Accounting

Refer to the balance sheet information below for Home Depot.
$ millions Feb. 3,2019 Jan. 28,2018
Operating assets $35,891 $34,794
Nonoperating assets 1,5113,056
Total assets $37,402 $37,850
Operating liabilities $14,177 $13,640
Nonoperating liabilities 24,82222,974
Total liabilities $38,999 $36,614
Net sales $91,973
Operating expense before tax 78,772
Net operating profit before tax (NOPBT)13,201
Other expense 828
Income before tax 12,373
Tax expense 2,920
Net income $9,453
Assume a statutory tax rate of 22%.
a. Compute NOPAT for the year ended Feb. 3,2019 using the formula: NOPAT = Net income + NNE
Net income NNE NOPAT
Answer 1
9,453
Answer 2
828
10,281
b. Compute NOPAT for the year ended Feb. 3,2019 using the formula: NOPAT = NOPBT Tax on operating profit
NOPBT Tax on operating profit NOPAT
Answer 3
13,201
Answer 4
3,300
9,901

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