Identify and Compute NOPAT

Following is the income statement for Lowe's Companies Inc.

LOWE'S COMPANIES INC.
Consolidated Statement of Earnings
Twelve Months Ended (In millions)	Feb. 1, 2019
Net sales	$80,579
Cost of sales	54,693
Gross margin	25,886
Expenses
Selling, general and administrative	19,677
Depreciation and amortization	1,669
Operating income	4,540
Interest expense, net	705
Pretax earnings	3,835
Income tax provision	1,220
Net earnings	$2,615

Compute its net operating profit after tax (NOPAT) for the 12 months ended February 1, 2019, assuming a 22% total statutory tax rate.

		Feb. 1, 2019
	NOPAT	Answer