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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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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