Following is the income statement for Lowe's Companies Inc.LOWE'S COMPANIES INC.Consolidated Statement of EarningsFeb. 1,Twelve Months Ended (in millions)2019Net sales$80,579Cost of sales54,693Gross margin25,886ExpensesSelling, general and administrative19,677Depreciation and amortization1,669Operating income4,540Interest expense, net705Pretax earnings3,8351,220$2,615Income tax provisionNet earningsCompute its net operating profit after tax (NOPAT) for the 12 months ended February 1, 2019, assuming a 22% total statutory tax rate.Feb. 1, 2019NOPAT $

To calculate the Net Operating Profit After Tax (NOPAT) for the 12 months ended February 1, 2019,…

Answered: Following is the income statement for…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 17PB: Using the following Company X information, prepare a Retained Earnings Statement: Retained earnings...

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Using the following Company X information, prepare a Retained Earnings Statement: Retained earnings balance January 1, 2019, $121,500 Net income for year 2019, $145,800 Dividends declared and paid for year 2019, $53,000
Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.
Identify and Compute NOPATFollowing is the income statement for Lowe’s Companies Inc. LOWE’S COMPANIES INC. Consolidated Statement of Earnings Twelve Months Ended (In millions) Feb. 1, 2019 Net sales $142,618 Cost of sales 96,802 Gross margin 45,816 Expenses Selling, general and administrative 34,826 Depreciation and amortization 2,954 Operating income 8,036 Interest expense, net 1,248 Pretax earnings 6,788 Income tax provision 2,160 Net earnings $4,628 Compute its net operating profit after tax (NOPAT) for the 12 months ended February 1, 2019, assuming a 22% total statutory tax rate.Note: Round your answer to the nearest whole dollar (millions).
Identify and Compute NOPAT Following is the income statement for Lowe's Companies Inc. LOWE'S COMPANIES INC. Consolidated Statement of Earnings Twelve Months Ended (In millions) Net sales Cost of sales Gross margin Expenses Selling, general and administrative Depreciation and amortization Operating income Interest expense, net Pretax earnings Income tax provision Net earnings Feb. 1, 2019 $114,094 77,442 36,652 27,861 2,363 6,428 998 5,430 1,728 $3,702 Compute its net operating profit after tax (NOPAT) for the 12 months ended February 1, 2019, assuming a 22% total statutory tax rate. Note: Round your answer to the nearest whole dollar (millions). $ 5,014 X
Identify and Compute NOPAT Following is the income statement for Lowe’s Companies Inc. LOWE’S COMPANIES INC. Consolidated Statement of Earnings Twelve Months Ended (In millions) Feb. 1, 2019 Net sales $80,579 Cost of sales 54,693 Gross margin 25,886 Expenses Selling, general and administrative 19,677 Depreciation and amortization 1,669 Operating income 4,540 Interest expense, net 705 Pretax earnings 3,835 Income tax provision 1,220 Net earnings $2,615 Compute its net operating profit after tax (NOPAT) for the 12 months ended February 1, 2019, assuming a 22% total statutory tax rate. Feb. 1, 2019 NOPAT Answer
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find P/E Ratio 2019. i attached balance sheet and income statement
Please provide correct answer
Compute NOPAT The income statement for TJX Companies follows. THE TJX COMPANIES, INC. Consolidated Statements of Income Fiscal Year Ended ($ thousands) February 2, 2019 Net sales $38,973,337 Cost of sales, including buying and occupancy costs 27,831,580 Selling, general and administrative expenses 6,923,967 Pension settlement charge 36,525 Interest expense, net 9,263 Income before provision for income taxes 4,172,002 Provision for income taxes 1,113,816 Net income $3,058,186 Assume that the combined federal and state statutory tax rate is 22%. a. Compute NOPAT using the formula: NOPAT = Net income + NNE. Net income NNE NOPAT Answer Answer b. Compute NOPAT using the formula: NOPAT = NOPBT − Tax on operating profit. NOPBT Tax on operating profit NOPAT Answer Answer
The following financial statements were extracted from the books of Alpha Ltd. and Omega Ltd. for the yearended 31 March 2023:Statement of profit or loss for the year ended 31 March 2023:Alpha Ltd. Omega Ltd.Sh.“million” Sh.“million”Revenue 1,699.815 2,058.96Cost of sales (1,171.045) (1,397.135)Gross profit 528.77 661.825Less: Operating expenses (354.775) (469.89)Net profit 173.995 191.935Less: Finance expenses (22.31) (31.625)Profit before tax 151.685 160.31Tax (36.8) (40.02)Profit for the year 114.885 120.29Statement of financial position as at 31 March 2023:Alpha Ltd. Omega Ltd.Non-current assets Sh.“million” Sh.“million”Land and building 414.00 586.5Furniture and fittings 100.65 104.88514.05 691.38Current assets:Inventories 680.80 463.45Trade receivables 202.86 370.185Bank 97.29 105.34980.95 938.975Total assets 1,495 1,630.355Capital and liabilities:Capital:Ordinary share capital 368.00 287.50Retained earning 422.74 718.29790.74 1,005.79Non-current liabilities:Bank loan 218.50…
Find the Common Size Analysis for three years for the Income Statement of Excel Corporation.
Compute NOPATThe income statement for TJX Companies follows. THE TJX COMPANIES, INC.Consolidated Statements of Income Fiscal Year Ended ($ thousands) February 2, 2019 Net sales $38,972,934 Cost of sales, including buying and occupancy costs 27,831,177 Selling, general and administrative expenses 6,923,564 Pension settlement charge 36,122 Interest expense, net 8,860 Income before provision for income taxes 4,173,211 Provision for income taxes 1,113,413 Net income $ 3,059,798 Assume that the combined federal and state statutory tax rate is 22%. a. Compute NOPAT using the formula: NOPAT = Net income + NNE. Round to the nearest whole number. b. Compute NOPAT using the formula: NOPAT = NOPBT − Tax on operating profit. Round to the nearest whole number.

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