Compute Net Operating Assets Refer to the balance sheet information below for Home Depot. $ millions Feb. 3, 2019 Jan. 28, 2018 Operating assets $31,669 $30,701 Nonoperating assets 1,334 2,696 Total assets $33,003 $33,397 Operating liabilities $12,509 $12,035 Nonoperating liabilities 21,902 20,271 Total liabilities $34,411 $32,306 Net sales $81,152 Operating expense before tax 69,505 Net operating profit before tax (NOPBT) 11,647 Other expense 731 Income before tax 10,916 Tax expense 2,576 Net income $8,340 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
Compute Net Operating Assets
Refer to the
$ millions Feb. 3, 2019 Jan. 28, 2018
Operating assets $31,669 $30,701
Nonoperating assets 1,334 2,696
Total assets $33,003 $33,397
Operating liabilities $12,509 $12,035
Nonoperating liabilities 21,902 20,271
Total liabilities $34,411 $32,306
Net sales $81,152
Operating expense before tax 69,505
Net operating profit before tax (NOPBT) 11,647
Other expense 731
Income before tax 10,916
Tax expense 2,576
Net income $8,340
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
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
