How do you compute noa for


How do you compute NOA for 2010?

Sales $ 8,258 $ 8,272 $ 8,828
Credit card revenues 369 301 252
Total revenues 8,627 8,573 9,080
Cost of sales and related buying and occupancy costs (5,328) (5,417) (5,526)
Selling, general and administrative expenses      
Retail (2,109) (2,103) (2,130)
Credit (356) (274) (177)
Earnings before interest and income taxes 834 779 1,247
Net interest expense (138) (131) (74)
Earnings before income taxes 696 648 1,173
Income tax expense (255) (247) (458)
Net earnings $ 441 $ 401 $ 715

 

Assets    
Current Assets    
Cash and cash equivalents $ 795 $ 72
Accounts receivable, net 2,035 1,942
Merchandise inventories 898 900
Current deferred tax assets, net 238 210
Prepaid expenses and other 88 93
Total current assets 4,054 3,217
Land, buildings and equipment, net 2,242 2,221
Goodwill 53 53
Other assets 230 170
Total assets $ 6,579 $ 5,661
Liabilities and Shareholders' Equity    
Current liabilities    
Accounts payable $ 726 $ 563
Accrued salaries, wages and related benefits 336 214
Other current liabilities 596 525
Current portion of long-term debt 356 299
Total current liabilities 2,014 1,601
Long-term debt, net 2,257 2,214
Deferred property incentives, net 469 435
Other liabilities 267 201
Shareholders' equity    
Common stock, no par value 1,066 997
Retained earnings 525 223
Accumulated other comprehensive income (loss) (19) (10)
Total shareholders' equity 1,572 1,210
Total liabilities and shareholders' equity $ 6,579 $ 5,661

 

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Accounting Basics: How do you compute noa for
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