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Compute net operating profit after tax

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Reference no: EM132696506

Identify and Compute NOPATLOWE'S COMPANIES INC.Consolidated Statement of Earnings
Following is the income statement for Lowe's Companies Inc.

Twelve Months Ended (In millions)Feb. 1, 2019

Net sales $114,094

Cost of sales 77,442

Gross margin 36,652

Expenses

Selling, general and administrative 27,861

Depreciation and amortization 2,363

Operating income 6,428

Interest expense, net 998

Pretax earnings 5,430

Income tax provision 1,728

Net earnings $3,702

Problem 1: Compute its net operating profit after tax (NOPAT) for the 12 months ended February 1, 2019, assuming a 22% total statutory tax rate.

Reference no: EM132696506

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