Compute NOPAT Selected income statement information for 2018 is presented below for Home Depot Inc. and Lowe’s Companies Inc. Assume the statutory tax rate is 22%. Pretax Net Average Net Nonoperating Tax Operating Company ($ millions) Ticker Sales NOPBT Expense Expense Assets Home Depot HD $65,787 $9,442 $592 $2,088 $15,332 Lowe’s LOW 43,356 2,443 379 657 12,358
Compute NOPAT Selected income statement information for 2018 is presented below for Home Depot Inc. and Lowe’s Companies Inc. Assume the statutory tax rate is 22%. Pretax Net Average Net Nonoperating Tax Operating Company ($ millions) Ticker Sales NOPBT Expense Expense Assets Home Depot HD $65,787 $9,442 $592 $2,088 $15,332 Lowe’s LOW 43,356 2,443 379 657 12,358
Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter2: Financial Statements, Cash Flow,and Taxes
Section: Chapter Questions
Problem 15P: Use the following income statement of Elliott Game Theory Consulting to determine its net operating...
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Compute NOPAT
Selected income statement information for 2018 is presented below for Home Depot Inc. and Lowe’s Companies Inc. Assume the statutory tax rate is 22%.
Pretax Net | Average Net | |||||
---|---|---|---|---|---|---|
Nonoperating | Tax | Operating | ||||
Company ($ millions) | Ticker | Sales | NOPBT | Expense | Expense | Assets |
Home Depot | HD | $65,787 | $9,442 | $592 | $2,088 | $15,332 |
Lowe’s | LOW | 43,356 | 2,443 | 379 | 657 |
12,358
|
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