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 $ 0

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 $ 0

Name: Identify and Compute NOPATFollowing is the income statement for Lowe'
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Description: Identify and Compute NOPATFollowing 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$74,161Cost of sales50,337Gross margin23,824ExpensesSell

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 86PSB

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