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Compute Net Operating Assets Refer to the balance sheet information below for Home Depot. $ millions Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Net sales Feb. 3, 2019 Jan. 28, 2018 $40,114 $38,887 1,689 3,415 $41,803 $42,302 $15,845 $15,245 27,742 25,677 $43,587 $40,922 $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?

Compute Net Operating Assets Refer to the balance sheet information below for Home Depot. $ millions Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Net sales Feb. 3, 2019 Jan. 28, 2018 $40,114 $38,887 1,689 3,415 $41,803 $42,302 $15,845 $15,245 27,742 25,677 $43,587 $40,922 $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?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Compute Net Operating Assets Refer to the balance sheet information below for Home Depot. $ millions Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Net sales Feb. 3, 2019Jan. 28, 2018 $40,114 $38,887 1,689 3,415 $41,803 $42,302 $15,845 $15,245 27,742 25,677 $43,587 $40,922 $102,793 Operating expense before tax 88,039 Net operating profit before tax (NOPBT) 14,754 Other expense 925 Income before tax 13,829 3,263 $10,566 Compute net operating assets for the years ended February 3, 2019, and January 28, 2018. $ millions Net operating assets (NOA) Tax expense Net income February 3, 2019 January 28, 2018 Answer? Answer?
Transcribed Image Text:Compute Net Operating Assets Refer to the balance sheet information below for Home Depot. $ millions Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Net sales Feb. 3, 2019Jan. 28, 2018 $40,114 $38,887 1,689 3,415 $41,803 $42,302 $15,845 $15,245 27,742 25,677 $43,587 $40,922 $102,793 Operating expense before tax 88,039 Net operating profit before tax (NOPBT) 14,754 Other expense 925 Income before tax 13,829 3,263 $10,566 Compute net operating assets for the years ended February 3, 2019, and January 28, 2018. $ millions Net operating assets (NOA) Tax expense Net income February 3, 2019 January 28, 2018 Answer? Answer?
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