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Compute nopat using the formula nopat

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Reference no: EM132772962

THE TJX COMPANIES, INC.Consolidated Statements of Income

Fiscal Year Ended ($ thousands)

January 27, 2007Net sales$17,404,637

Cost of sales, including buying and occupancy costs13,213,703

Selling, general and administrative expenses2,923,560

Provision (credit) for computer intrusion related costs4,960

Interest expense (revenue), net15,566

Income from continuing operations before provision for income taxes1,246,848

Provision for income taxes470,092

Income from continuing operations776,756

Gain/(loss) from discontinued operations, net of income taxes-

Net income$ 776,756

Assume that the combined federal and state statutory tax rate is 39%.

Problem a. Compute NOPAT using the formula: NOPAT = Net income + NNE.

Problem b. Compute NOPAT using the formula: NOPAT = NOPBT - Tax on operating profit.

Reference no: EM132772962

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