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Compute its net operating profit after tax

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Reference no: EM132928835

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).

Reference no: EM132928835

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