Compute RNOA with Disaggregation Refer to the balance sheet information below for Home Depot. Feb. 3, 2019 Jan. 28, 2018 $14,357 $13,918 1,222 Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Net sales $ millions Operating expense before tax Net operating profit before tax (NOPBT) Other expense Income before tax Tax expense Net income $ + 605 $14,962 $5,671 9,929 $15,600 $36,789 31,509 a. Compute return on net operating assets (RNOA). Assume a statutory tax rate of 22%. Note: 1. Select the appropriate numerator and denominator used to compute RNOA from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 RNOA. Numerator Denominator 0 $ 5,280 331 4,949 1,168 $3,781 $15,140 $5,456 9,190 $14,646 0 RNOA %

Compute RNOA with Disaggregation Refer to the balance sheet information below for Home Depot. Feb. 3, 2019 Jan. 28, 2018 $14,357 $13,918 1,222 Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Net sales $ millions Operating expense before tax Net operating profit before tax (NOPBT) Other expense Income before tax Tax expense Net income $ + 605 $14,962 $5,671 9,929 $15,600 $36,789 31,509 a. Compute return on net operating assets (RNOA). Assume a statutory tax rate of 22%. Note: 1. Select the appropriate numerator and denominator used to compute RNOA from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 RNOA. Numerator Denominator 0 $ 5,280 331 4,949 1,168 $3,781 $15,140 $5,456 9,190 $14,646 0 RNOA %

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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