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Question - Identify and Compute NOPAT Consolidated Statement of Earnings Twelve Months Ended (In millions) Feb. 1, 2019
Following is the income statement for Lowe's Companies Inc
Net sales $42,785
Cost of sales 29,041
Gross margin 13,744
Expenses Selling, general and administrative 10,448
Depreciation and amortization 886
Operating income 2,410
Interest expense, net 374
Pretax earnings 2,036
Income tax provision 648
Net earnings $1,388
Required - Compute its net operating profit after tax (NOPAT) for the 12 months ended February 1, 2019, assuming a 22% total statutory tax rate. Round your answer to the nearest whole dollar (millions).
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