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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