Question 4

Compute Net Operating Assets Refer to the balance sheet information below for Home Depot. $ millions Feb. 3, 2019 Jan. 28, 2018 Operating assets $42,225 $40.934 Nonoperating assets 1,778 3,595 Total assets $44,003 $44.529 Operating liabilities $16,679 $16,047 Nonoperating liabilities 29,202 27,028 Total liabilities $45,881 $43,075 Net sales $108,203 Operating expense before tax 92,673 Net operating profit before tax (NOPBT) 15,530 Other expense 974 Income before tax 14,556 Tax expense 3,435 Net income $11,121 Compute net operating assets for the years ended February 3, 2019, and January 28, 2018. 2019 NOA $ 0 2018 NOA $ 0