Compute nopat using tax rates from tax footnote

Assignment Help Financial Management

Reference no: EM131953264

Compute NOPAT Using Tax Rates from Tax Footnote The income statement for TJX Companies follows. THE TJX COMPANIES, INC. Consolidated Statements of Income Fiscal Year Ended ($ thousands) January 30, 2016 Net sales $30,944,938 Cost of sales, including buying and occupancy costs 22,034,523 Selling, general and administrative expenses 5,205,715 Interest expense, net 46,400 Income before provision for income taxes 3,658,300 Provision for income taxes 1,380,642 Net income $ 2,277,658 U.S. federal statutory income tax rate 35.0% Effective state income tax rate 3.5% Impact of foreign operation -0.7% All other -0.1% Worldwide effective income tax rate 37.7% a. Compute TJX's fiscal year 2015 statutory tax rate using its income tax footnote disclosure. Round answer to one decimal place (ex: 0.2345 = 23.5%). Answer %. b. Compute TJX's NOPAT for fiscal year 2015 using its tax rate from part a. Round to the nearest whole number. $ Answer

Reference no: EM131953264

Questions Cloud

Differences between patient flow and patient experience : What do you believe are the differences between patient flow and patient experience in an ambulatory care center vs. a traditional hospital?

Calculate price of the bonds based on semiannual analysis : Compute the price of the bonds based on semiannual analysis. Bond Price? With 15 years to maturity, if yield to maturity goes down substantially to 8 percent.

Tb or hiv mandatory reporting for hospitals : Are there federal and MD state laws for TB or HIV mandatory reporting for hospitals?

Power of design they discuss ideo''s processes and successes : Power of Design: In the Power of Design they discuss IDEO's processes and successes. What do you think is the key to IDEO's success and why?

Compute nopat using tax rates from tax footnote : Compute NOPAT Using Tax Rates from Tax Footnote. Compute TJX's fiscal year 2015 statutory tax rate using its income tax footnote disclosure.

What will be the payoff of the call : If the stock is trading at $55 in three months, what will be the payoff of the call? If the stock is trading at $35 in three months, what will be the payoff of?

How schechtman modifies lockes theory of personal identity : explain briefly how Schechtman modifies Locke's theory of personal identity to conform to a person's intelligibility of those memories.

What is bond equivalent yield : A money market security with a $1000 face value and 175 days to maturity sells for $937.49. What is its bond equivalent yield?

Professional development of fire officers : What role should higher education play in the professional development of fire officers?

User Account

All Pages