Question
Following is the income statement for Lowe's Companies Inc. LOWE'S COMPANIES INC. Consolidated Statement of Earnings Twelve Months Ended (in millions) Net sales Cost
Following is the income statement for Lowe's Companies Inc. LOWE'S COMPANIES INC. Consolidated Statement of Earnings Twelve Months Ended (in millions) Net sales Cost of sales Gross margin Expenses Selling, general and administrative Depreciation and amortization Operating income Interest expense, net Pretax earnings Income tax provision Net earnings Feb. 1, 2019 $106,250 72,117 34,133 NOPAT S 25,945 2,201 5,987 930 5,057 1,609 $3,448 Compute its net operating profit after tax (NOPAT) for the 12 months ended February 1, 2019, assuming a 229% total statutory tax rate. Feb. 1, 2019
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Financial Accounting
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
12th edition
134725980, 9780134726656 , 978-0134725987
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