BusinessCourse Return to course Question 2 Incorrect Mark 0.00 out of 20.00 Flag question Compute Net Operating Profit after Tax Selected balance sheet and income statement information for Home Depot follows. $ millions Operating assets Jan. 31, 2016 Feb. 01, 2015 $40,783 $38,673 Nonoperating assets 2,291 1,798 Total assets 43,074 40,471 Operating liabilities 15,068 13,577 Nonoperating liabilities 21,270 17,152 Total liabilities 36,338 30,729 Sales 89,464 Net operating profit before tax (NOPBT) 12,224 Nonoperting expense before tax 828 Tax expense 4,523 Net income 6,873 Assume a statutory tax rate of 37%. Round answers to the nearest whole number. a. Compute NOPAT using the formula: NOPAT = Net income + NNE $ x b. Compute NOPAT using the formula: NOPAT = NOPBT - Tax on operating profit $ 0 x Check