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 | $40,583 | $38,473 |
| Nonoperating assets | 2,241 | 1,748 |
| Total assets | 42,824 | 40,221 |
| Operating liabilities | 15,018 | 13,527 |
| Nonoperating liabilities | 21,285 | 17,167 |
| Total liabilities | 36,303 | 30,694 |
| Total stockholders' equity | 6,521 | 9,527 |
| Sales | 88,999 | |
| Net operating profit before tax (NOPBT) | 12,024 | |
| Nonoperting expense before tax | 778 | |
| Tax expense | 4,088 | |
| Net income | 7,158 |
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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