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 | $40,858 | $38,748 |
| Nonoperating assets | 2,321 | 1,828 |
| Total assets | 43,179 | 40,576 |
| Operating liabilities | 15,093 | 13,602 |
| Nonoperating liabilities | 21,320 | 17,202 |
| Total liabilities | 36,413 | 30,804 |
| Total stockholders' equity | 6,766 | 9,772 |
| Sales | 89,599 | |
| Net operating profit before tax (NOPBT) | 12,299 | |
| Nonoperting expense before tax | 858 | |
| Tax expense | 4,428 | |
| Net income | 7,013 |
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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