Selected income statement information for 2018 is presented below for Home Depot Inc. and Lowe's Companies...

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Selected income statement information for 2018 is presented below for Home Depot Inc. and Lowe's Companies Inc. Assume the statutory tax rate is 22%. Company ($ Pretax net non- Tax Average net millions) Sales NOPBT operating expense expense operating assets Home Depot (HD) 108,203 15,530 QUERO 974 3,435 25,217 Lowe's (LOW) 71,309 4,018 624 1,080 20,326 Required: a. Compute the following measures for both companies. Tax on operating profit NOPAT RNOA NOPM NOAT b. Indicat+ which of these two companies: Is more profitable (in $s) Produces the higher profit margin (in %) Uses its NOA more efficiently Produces the higher return on NOA HD LOW HD LOW Selected income statement information for 2018 is presented below for Home Depot Inc. and Lowe's Companies Inc. Assume the statutory tax rate is 22%. Company ($ Pretax net non- Tax Average net millions) Sales NOPBT operating expense expense operating assets Home Depot (HD) 108,203 15,530 QUERO 974 3,435 25,217 Lowe's (LOW) 71,309 4,018 624 1,080 20,326 Required: a. Compute the following measures for both companies. Tax on operating profit NOPAT RNOA NOPM NOAT b. Indicat+ which of these two companies: Is more profitable (in $s) Produces the higher profit margin (in %) Uses its NOA more efficiently Produces the higher return on NOA HD LOW HD LOW