Question: Compute Net Operating Assets Selected balance sheet and income statement information for Home Depot follows. $ millions Jan. 31, 2016 Feb. 01, 2015 Operating assets
Compute Net Operating Assets Selected balance sheet and income statement information for Home Depot follows.
| $ millions | Jan. 31, 2016 | Feb. 01, 2015 |
|---|---|---|
| Operating assets | $40,683 | $38,573 |
| Nonoperating assets | 2,266 | 1,773 |
| Total assets | 42,949 | 40,346 |
| Operating liabilities | 15,043 | 13,552 |
| Nonoperating liabilities | 21,275 | 17,157 |
| Total liabilities | 36,318 | 30,709 |
| Total stockholders' equity | 6,631 | 9,637 |
| Sales | 89,234 | |
| Net operating profit before tax (NOPBT) | 12,124 | |
| Nonoperting expense before tax | 803 | |
| Tax expense | 4,001 | |
| Net income | 7,320 |
Compute net operating assets for the years ended January 31, 2016 and February 1, 2015. 2016 NOA $Answer 2015 NOA $Answer
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