Compute NOPAT Selected income statement information for 2018 is presented below for Home Depot Inc. and Lowes Companies Inc. Assume the statutory tax rate is 22%. Pretax Net Average Net Nonoperating Tax Operating Company ($ millions) Ticker Sales NOPBT Expense Expense Assets Home Depot HD $108,203 $15,219 $955 $3,366 $24,713 Lowes LOW 69,883 3,938 612 1,080 20,326 a. Compute the following measures for both companies. Measure Rounding Instructions Home Depot Lowes 1. Net operating profit (NOPAT) Round to nearest whole dollar Answer 103,882 Answer 68,191 2. Return on net operating assets (RNOA) Round percentage to one decimal place Answer Answer 3. Net operating profit margin (NOPM) Round percentage to one decimal place Answer Answer 4. Net operating asset turnover (NOAT) Round amount to two decimal places Answer Answer b. Indicate which of these two companies: 1. Is more profitable (in $s). Answer 2. Produces the higher profit margin (in %). Answer 3. Uses its NOA more efficiently. Answer 4. Produces the higher return on NOA. Answer: