Compute NOPAT The income statement for TJX Companies follows. THE TJX COMPANIES, INC. Consolidated Statements of Income Fiscal Year Ended ($ thousands) Net sales
Compute NOPAT The income statement for TJX Companies follows. THE TJX COMPANIES, INC. Consolidated Statements of Income Fiscal Year Ended ($ thousands) Net sales Cost of sales, including buying and occupancy costs February 2, 2019 $38,973,389 27,831,632 6,924,019 Selling, general and administrative expenses Pension settlement charge 36,577 Interest expense, net 9,315 Income before provision for income taxes 4,171,846 Provision for income taxes 1,113,868 Net income $3,057,978 Assume that the combined federal and state statutory tax rate is 22%. a. Compute NOPAT using the formula: NOPAT = Net income + NNE. Net income $ NNE $ $ NOPAT b. Compute NOPAT using the formula: NOPAT = NOPBT - Tax on operating profit. NOPBT Tax on operating profit NOPAT $ $ $ 0
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To compute the NOPAT Net Operating Profit After Tax for the TJX Companies we have two methods a Comp...See step-by-step solutions with expert insights and AI powered tools for academic success
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