Home Depot reports net operating profits after tax (NOPAT) of $12,073,000 for the fiscal year ended 12/31/20.
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Question:
Home Depot reports net operating profits after tax (NOPAT) of $12,073,000 for the fiscal year ended 12/31/20. Its net operating assets at the beginning of the fiscal year are $24,887,000.
Assuming a 7.85% weighted average cost of capital (WACC), what is Home Depot’s residual operating income (ROPI) for the fiscal year? Show your calculations
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259103292
4th Canadian edition
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
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