Question: $ millions Jan. 31, 2016 Feb. 01, 2015 Operating assets $40,783 $38,673 Nonoperating assets 2,291 1,798 Total assets 43,074 40,471 Operating liabilities 15,068 13,577 Nonoperating

$ millions Jan. 31, 2016 Feb. 01, 2015
Operating assets $40,783 $38,673
Nonoperating assets 2,291 1,798
Total assets 43,074 40,471
Operating liabilities 15,068 13,577
Nonoperating liabilities 21,270 17,152
Total liabilities 36,338 30,729
Sales 89,464
Net operating profit before tax (NOPBT) 12,224
Nonoperting expense before tax 828
Tax expense 4,523
Net income 6,873

Assume a statutory tax rate of 37%. Round answers to the nearest whole number.

a. Compute NOPAT using the formula: NOPAT = Net income + NNE

$Answer

b. Compute NOPAT using the formula: NOPAT = NOPBT Tax on operating profit

$Answer

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