Identify and Compute Net Operating Assets

Following is the balance sheet for Lowe's Companies Inc.

LOWE'S COMPANIES INC.
Consolidated Balance Sheet
$ millions, except par value Feb. 1, 2019
Current assets
Cash and cash equivalents	$224
Short-term investments	95
Merchandise inventorynet	5,495
Other current assets	410
Total current assets	6,224
Property, less accumulated depreciation	8,064
Long-term investments	112
Deferred income taxesnet	129
Goodwill	133
Other assets	435
Total assets	$15,097
Current liabilities
Short-term borrowings	$316
Current maturities of long-term debt	486
Accounts payable	3,622
Accrued compensation and employee benefits	290
Deferred revenue	568
Other current liabilities	1,061
Total current liabilities	6,343
Long-term debt, excluding current maturities	6,296
Deferred revenueextended protection plans	362
Other liabilities	503
Total liabilities	13,504
Shareholders' equity
Preferred stock$5 par value, none issued	-
Common stock$0.50 par value	174
Capital in excess of par value	-
Retained earnings	1,510
Accumulated other comprehensive loss	(91)
Total shareholders' equity	1,593
Total liabilities and shareholders' equity	$15,097

Identify and compute net operating assets (NOA) as of February 1, 2019. Assume that longterm investments are nonoperating.

	Feb. 01, 2019
NOA	Answer