Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Compute NOPAT The income statement for TJX Companies follows. THE TJX COMPANIES, INC. Consolidated Statements of Income Fiscal Year Ended ($ thousands) Net sales

image text in transcribed

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To compute the NOPAT Net Operating Profit After Tax for the TJX Companies we have two methods a Comp... blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Financial Management

Authors: Brigham, Daves

10th Edition

978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573

More Books

Students also viewed these Finance questions