Following is the income statement for Lowe's Companies, Inc. Compute its 2013 net operating profit after tax
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Following is the income statement for Lowe's Companies, Inc. Compute its 2013 net operating profit after tax (NOPAT) assuming a 37\% total statutory tax rate.
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For Twelve Months Ended (In millions) Net sales.... Cost of sales.. Gross margin Expenses Selling, general and administrative Depreciation... Interest-net.. LOWE'S COMPANIES, INC. Total expenses. Pre-tax earnings.. Income tax provision Net earnings... Feb. 01, 2013 $50,521 33,194 17,327 12,244 1,523 423 14,190 3,137 1,178 $ 1,959 Feb. 03, 2012 $50,208 32,858 17,350 12,593 1,480 371 14,444 2,906 1,067 $ 1,839 Jan. 28, 2011 $48,815 31,663 17,152 12,006 1,586 332 13,924 3,228 1,218 $ 2,010
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Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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