Question - Compute Net Operating Profit after Tax
Selected balance sheet and income statement information for Home Depot follows.
|
$ millions
|
Jan. 31, 2016
|
Feb. 01, 2015
|
|
Operating assets
|
$40,858
|
$38,748
|
|
Non-operating assets
|
2,321
|
1,828
|
|
Total assets
|
43,179
|
40,576
|
|
Operating liabilities
|
15,093
|
13,602
|
|
Non-operating liabilities
|
21,320
|
17,202
|
|
Total liabilities
|
36,413
|
30,804
|
|
Total stockholders' equity
|
6,766
|
9,772
|
|
Sales
|
89,599
|
|
|
Net operating profit before tax (NOPBT)
|
12,299
|
|
|
Non-operating expense before tax
|
858
|
|
|
Tax expense
|
4,428
|
|
|
Net income
|
7,013
|
|
Compute net operating profit after tax for the year ended January 31, 2016. Assume a statutory tax rate of 37%.