Compute Net Operating Profit after Tax Selected balance sheet and income statement information for Home Depot...

Question

Question

Compute Net Operating Profit after Tax Selected balance sheet and income statement information for Home Depot...

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	$40,683	$38,573
Nonoperating assets	2,266	1,773
Total assets	42,949	40,346

Operating liabilities	15,043	13,552
Nonoperating liabilities	21,275	17,157
Total liabilities	36,318	30,709

Total stockholders' equity	6,631	9,637

Sales	89,234
Net operating profit before tax (NOPBT)	12,124
Nonoperting expense before tax	803
Tax expense	4,001
Net income	7,320

Compute net operating profit after tax for the year ended January 31, 2016. Assume a statutory tax rate of 37%.
Round answer to the nearest whole number.

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Net operating profit before tax	12124
Less: Tax expense on operating profit	4298	=4001+(803*37%)
Net operating profit after tax	7826

Add a comment

Answer 2

Similar Homework Help Questions

Compute Net Operating Profit after Tax Selected balance sheet and income statement information for Home Depot...

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 $40,683 $38,573 Nonoperating assets 2,266 1,773 Total assets 42,949 40,346 Operating liabilities 15,043 13,552 Nonoperating liabilities 21,275 17,157 Total liabilities 36,318 30,709 Total stockholders' equity 6,631 9,637 Sales 89,234 Net operating profit before tax (NOPBT) 12,124 Nonoperting expense before tax 803 Tax expense 4,001 Net income 7,320 Compute net operating profit after tax...
Compute ROE and RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot...

Compute ROE and RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot follows. Compute ROE and RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot follows. $ millions Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Total stockholders' equity Sales Net operating profit before tax (NOPBT) Nonoperting expense before tax Tax expense Net income Jan. 31, 2016 Feb. 01, 2015 $40,683 $38,573 2,266 1,773 42,949 40,346 15,043 13,552...
Selected balance sheet and income statement information for Home Depot follows. Compute ROE and RNOA with...

Selected balance sheet and income statement information for Home Depot follows. Compute ROE and RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot follows. $ millions Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Total stockholders' equity Sales Net operating profit before tax (NOPBT) Nonoperting expense before tax Tax expense Net income Jan. 31, 2016 Feb. 01, 2015 $40,683 $38,573 2,266 1,773 42,949 40,346 15,043 13,552 21,275 17,157 36,318 30,709 6,631 9,637...

Compute RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot follows. $...

Compute RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot follows. $ millions Jan. 31, 2016 Feb. 01, 2015 Operating assets $40,683 $38,573 Nonoperating assets 2,266 1,773 Total assets 42,949 40,346 Operating liabilities 15,043 13,552 Nonoperating liabilities 21,275 17,157 Total liabilities 36,318 30,709 Sales 89,234 Net operating profit before tax (NOPBT) 12,124 Nonoperting expense before tax 803 Tax expense 4,001 Net income 7,320 Round answers to two decimal places (ex: 0.12345 = 12.35%). a. Compute return...
Compute ROE and RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot...

Compute ROE and RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot follows. Please help. I have figured out part a and the NOAT of part d. Everything else I cannot find. Compute ROE and RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot follows. $ millions Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Total stockholders' equity Sales Net operating profit before tax (NOPBT) Nonoperting expense before...
40,346 Compute ROE and RNOA with Disaggregation Selected balance sheet and income statement information for Home...

40,346 Compute ROE and RNOA with Disaggregation Selected balance sheet and income statement information for Home Depot follows. S millions Jan. 31, 2016 Feb. 01, 2015 Operating assets $40633 538.573 Nonoperating assets 2.266 1.773 Total assets 42.9.49 Operating abilities 15.043 13,552 Nonoperating liabilities 21.275 17,157 Total liabilities 36.318 30.709 Total stockholders' equity 9.637 Sales 89,234 Net operating profit before tax (NOPBT) 12.124 Nonoperting expense before tax 303 Tax expense 4,001 Net Income 7.320 6,631 Round answers to two decimal places...

Compute Net Operating Profit after Tax Selected balance sheet and income statement information for Home Depot...

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 $40,333 $38,223 Nonoperating assets 2,216 1,723 Total assets 42,549 39,946 Operating liabilities 14,918 13,427 Nonoperating liabilities 21,315 17,197 Total liabilities 36,233 30,624 Total stockholders' equity 6,316 9,322 Sales 88,519 Net operating profit before tax (NOPBT) 11,774 Nonoperting expense before tax 753 Tax expense 4,012 Net income 7,009 Compute net operating profit after tax...
Compute Net Operating Profit after Tax Refer to the balance sheet information below for Home Depot....

Compute Net Operating Profit after Tax Refer to the balance sheet information below for Home Depot. $ millions Feb. 3, 2019 Jan. 28, 2018 Operating assets $42,225 $40,934 Nonoperating assets 1,778 3,595 Total assets $44,003 $44,529 Operating liabilities $16,679 $16,047 Nonoperating liabilities 29,202 27,028 Total liabilities $45,881 $43,075 Net sales $108,203 Operating expense before tax 92,673 Net operating profit before tax (NOPBT) 15,530 Other expense Income before tax 14,556 Tax expense 3,435 Net income $11,121 974 Compute net operating assets...
Compute Net Operating Profit after Tax Refer to the balance sheet information below for Home Depot....

Compute Net Operating Profit after Tax Refer to the balance sheet information below for Home Depot. $ millions Feb. 3, 2019 Jan. 28, 2018 Operating assets $42,225 $40,934 Nonoperating assets 1,778 3,595 Total assets $44,003 $44,529 Operating liabilities $16,679 $16,047 Nonoperating liabilities 29,202 27,028 Total liabilities $45,881 $43,075 Net sales $108,203 Operating expense before tax 92,673 Net operating profit before tax (NOPBT) 15,530 Other expense 974 Income before tax 14,556 Tax expense 3,435 Net income $11,121 Compute net operating assets...

Compute ROE Selected balance sheet and income statement information for Home Depot follows. $ millions Jan....

Compute ROE Selected balance sheet and income statement information for Home Depot follows. $ millions Jan. 31, 2016 Feb. 01, 2015 Total assets $43,179 $40,576 Total liabilities 36,413 30,804 Sales 89,599 Net income 7,013 Compute the return on equity for the year ended January 31, 2016. Round answer to two decimal places (ex: 0.12345 = 12.35%) 0 * % Check 2,241 15,018 Compute Net Operating Profit after Tax Selected balance sheet and income statement information for Home Depot follows. $...

Compute Net Operating Profit after Tax Selected balance sheet and income statement information for Home Depot...

Homework Answers