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Question - Identify and Compute NOPAT

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Question - Identify and Compute NOPAT

Following is the income statement for Lowe's Companies Inc. LOWE'S COMPANIES INC.

Consolidated Statement of EarningsTwelve Months Ended (In millions) Feb. 1, 2019

Net sales $57,047

Cost of sales 38,721

Gross margin 18,326

Expenses

Selling, general and administrative 13,930

Depreciation and amortization 1,182

Operating income 3,214

Interest expense, net 499

Pretax earnings 2,715

Income tax provision 864

Net earnings $1,851

Required - Compute its net operating profit after tax (NOPAT) for the 12 months ended ended February 1, 2019, assuming a 22% total statutory tax rate. Note: Round your answer to the nearest whole dollar.

Reference no: EM132666649

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