Identify and Compute NOPAT Following is the income statement for Lowe's Companies Inc. LOWE'S COMPANIES INC. Consolidated Statement of Earnings Feb. 1, Twelve Months Ended (In millions) 2019 Net sales $74,161 Cost of sales 50,337 Gross margin 23,824 Expenses Selling, general and administrative 18,110 Depreciation and amortization 1,536 Operating income 4,178 Interest expense, net 649 Pretax earnings 3,529 Income tax provision 1,123 Net earnings $2,406 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 $ 2,912.22
Identify and Compute NOPAT Following is the income statement for Lowe's Companies Inc. LOWE'S COMPANIES INC. Consolidated Statement of Earnings Feb. 1, Twelve Months Ended (In millions) 2019 Net sales $74,161 Cost of sales 50,337 Gross margin 23,824 Expenses Selling, general and administrative 18,110 Depreciation and amortization 1,536 Operating income 4,178 Interest expense, net 649 Pretax earnings 3,529 Income tax provision 1,123 Net earnings $2,406 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 $ 2,912.22
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Please answer all the tables in their entirely
Transcribed Image Text:Identify and Compute NOPAT
Following is the income statement for Lowe's Companies Inc.
LOWE'S COMPANIES INC.
Consolidated Statement of Earnings
Feb. 1,
Twelve Months Ended (In millions)
2019
Net sales
$74,161
Cost of sales
50,337
Gross margin
23,824
Expenses
Selling, general and administrative
18,110
Depreciation and amortization
1,536
Operating income
4,178
Interest expense, net
649
Pretax earnings
3,529
Income tax provision
1,123
Net earnings
$2,406
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 $ 2,912.22
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