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Refer to the balance sheet information below for Home Depot. Jan. 28, 2018 Feb. 3, 2019 $14,357 $13,918 1,222 605 $14,962 $15,140 $5,671 $5,456 9,929 9,190 $15,600 $14,646 $36,789 31,509 5,280 331 4,949 1,168 $3,781 Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities $ millions Total liabilities Net sales Operating expense before tax Net operating profit before tax (NOPBT) Other expense Income before tax Tax expense Net income a. Compute return on net operating assets (RNOA). Assume a statutory tax rate of 2296. Note: 1. Select the appropriate numerator and denominator used to compute RNOA from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 RNC Denominator RNOA NOPAT $ Numerator ◆ Average NOA Numerator Net income $ XS b. Disaggregate RNOA into components of profitability (NOPM) and productivity (NOAT). Assume a statutory tax rate of 22%. Note: 1. Select the appropriate numerator and denominator used to compute NOPM from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 NO Numerator Denominator NOPM Average NOA $ + NOPAT x S Note: 1. Select the appropriate numerator and denominator used to compute NOAT from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 NOA NOAT + x Denominator + *verage assets 36,789 ✔ S x

Refer to the balance sheet information below for Home Depot. Jan. 28, 2018 Feb. 3, 2019 $14,357 $13,918 1,222 605 $14,962 $15,140 $5,671 $5,456 9,929 9,190 $15,600 $14,646 $36,789 31,509 5,280 331 4,949 1,168 $3,781 Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities $ millions Total liabilities Net sales Operating expense before tax Net operating profit before tax (NOPBT) Other expense Income before tax Tax expense Net income a. Compute return on net operating assets (RNOA). Assume a statutory tax rate of 2296. Note: 1. Select the appropriate numerator and denominator used to compute RNOA from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 RNC Denominator RNOA NOPAT $ Numerator ◆ Average NOA Numerator Net income $ XS b. Disaggregate RNOA into components of profitability (NOPM) and productivity (NOAT). Assume a statutory tax rate of 22%. Note: 1. Select the appropriate numerator and denominator used to compute NOPM from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 NO Numerator Denominator NOPM Average NOA $ + NOPAT x S Note: 1. Select the appropriate numerator and denominator used to compute NOAT from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 NOA NOAT + x Denominator + *verage assets 36,789 ✔ S x

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 12P
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Compute RNOA with Disaggregation Refer to the balance sheet information below for Home Depot. Jan. 28, Feb. 3, 2019 2018 $14,357 $13,918 Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Net sales Operating expense before tax Net operating profit before tax (NOPBT) Other expense Income before tax Tax expense Net income $ millions NOPAT $ Numerator a. Compute return on net operating assets (RNOA). Assume a statutory tax rate of 22%. Note: 1. Select the appropriate numerator and denominator used to compute RNOA from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 RNOA. RNOA Numerator Average NOA $ Numerator Net income $ 605 1,222 $14,962 $15,140 $5,671 $5,456 9,929 9,190 $15,600 $14,646 $36,789 31,509 ◆ Average NOA x S ♦ OPAT x S 5,280 331 4,949 1,168 $3,781 b. Disaggregate RNOA into components of profitability (NOPM) and productivity (NOAT). Assume a statutory tax rate of 22%. Note: 1. Select the appropriate numerator and denominator used to compute NOPM from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 NOPM. Denominator NOPM Denominator X Denominator ◆ *verage assets 36,789 $ Note: 1. Select the appropriate numerator and denominator used to compute NOAT from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 NOAT. NOAT X 96 ◆ X 96
Transcribed Image Text:Compute RNOA with Disaggregation Refer to the balance sheet information below for Home Depot. Jan. 28, Feb. 3, 2019 2018 $14,357 $13,918 Operating assets Nonoperating assets Total assets Operating liabilities Nonoperating liabilities Total liabilities Net sales Operating expense before tax Net operating profit before tax (NOPBT) Other expense Income before tax Tax expense Net income $ millions NOPAT $ Numerator a. Compute return on net operating assets (RNOA). Assume a statutory tax rate of 22%. Note: 1. Select the appropriate numerator and denominator used to compute RNOA from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 RNOA. RNOA Numerator Average NOA $ Numerator Net income $ 605 1,222 $14,962 $15,140 $5,671 $5,456 9,929 9,190 $15,600 $14,646 $36,789 31,509 ◆ Average NOA x S ♦ OPAT x S 5,280 331 4,949 1,168 $3,781 b. Disaggregate RNOA into components of profitability (NOPM) and productivity (NOAT). Assume a statutory tax rate of 22%. Note: 1. Select the appropriate numerator and denominator used to compute NOPM from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 NOPM. Denominator NOPM Denominator X Denominator ◆ *verage assets 36,789 $ Note: 1. Select the appropriate numerator and denominator used to compute NOAT from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 NOAT. NOAT X 96 ◆ X 96
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