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Question - Compute Net Operating Profit after Tax
Selected balance sheet and income statement information for Home Depot follows.
$ millions
Jan. 31, 2016
Feb. 01, 2015
Operating assets
$40,858
$38,748
Non-operating assets
2,321
1,828
Total assets
43,179
40,576
Operating liabilities
15,093
13,602
Non-operating liabilities
21,320
17,202
Total liabilities
36,413
30,804
Total stockholders' equity
6,766
9,772
Sales
89,599
Net operating profit before tax (NOPBT)
12,299
Non-operating expense before tax
858
Tax expense
4,428
Net income
7,013
Compute net operating profit after tax for the year ended January 31, 2016. Assume a statutory tax rate of 37%.
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