Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
100%
Compute Net Operating Assets
Refer to the
| $ millions | Feb. 3, 2019 | Jan. 28, 2018 |
|---|---|---|
| Operating assets | $40,114 | $38,887 |
| Nonoperating assets | 1,689 | 3,415 |
| Total assets | $41,803 | $42,302 |
| Operating liabilities | $15,845 | $15,245 |
| Nonoperating liabilities | 27,742 | 25,677 |
| Total liabilities | $43,587 | $40,922 |
| Net sales | $102,793 | |
| Operating expense before tax | 88,039 | |
| Net operating profit before tax (NOPBT) | 14,754 | |
| Other expense | 925 | |
| Income before tax | 13,829 | |
| Tax expense | 3,263 | |
| Net income | $10,566 |
Compute net operating assets for the years ended February 3, 2019, and January 28, 2018.
| $ millions | February 3, 2019 | January 28, 2018 |
|---|---|---|
| Net operating assets (NOA) | Answer |
Answer
|
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