Question

Following is the income statement for Nordstrom Company. Assume that the combined federal and state statutory tax rate is 37%. ($ millions) 2016 Net sales $14,095 Credit card revenues 342 Total revenues 14,437 Cost of sales and related buying and occupancy costs (9,168) Selling, general and administrative expenses (4,168) Earnings before interest and income taxes 1,101 Interest expense, net (125) Earnings before income taxes 976 Income tax expense (376) Net earnings $ 600 Compute NOPAT for Nordstrom for 2016. (Hint: Treat credit card revenues as operating.)

Answer 1

Answer:

$681,250,000

Explanation:

Net operating profit after tax = Earnings before interest and income taxes - ( Income tax expense+(Interest expense, net* tax rate)

Net operating profit after tax = $1,101 - ($376 + ($125*0.37)

Net operating profit after tax = $1,101 - ($376 + $46.25)

Net operating profit after tax = $1,101 - $422.25

Net operating profit after tax = $678.75 *

VER TODAS LAS RESPUESTAS ( 74+ )

Otras preguntas

Gino made a table to describe parts of the electromagnetic spectrum. What mistake did Gino make? X-rays should have a low frequency and a long wavelength. Infra

ASAP. En este país el transporte público es el medio de transporte preferido. Durante mi tiempo ahí, tuvo unas experiencias únicas y magníficas. Después de sali

What would be the answer a,b,c,d answer for 13 points

AC ∥ DF, m∠F = 40° What is the m∠FEG?

what is : cuantos es diecinueve mas once?

Solve 8+3(2x+7)-5x+10

Which algebraic rule describes the transformation? A) (x, y) → (x + 2, y + 5) B) (x, y) → (x − 2, y + 5) C) (x, y) → (x + 2, y − 5) D) (x, y) → (x − 2, y − 5

What is Social Darwinism, and how did it lead the US into becoming an Imperialistic nation?

which elements does sulfate ion contain?

Which ocean surrounds Antarctica at the South Pole? Arctic Ocean Indian Ocean Atlantic Ocean Southern Ocean

ACCESS MORE EDU ACCESS