Question: 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

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 $65,787 $9,442 $592 $2,088 $15,332
Lowes LOW 43,356 2,443 379 657 12,358

a. Compute the following measures for both companies.

1. NOPAT

Company NOPAT
Home Depot
Lowe's

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