Problem 2: (15 points) Refer to the consolidated income statement and balance sheet of Wal-Mart in Appendix. Required:
Problem 2: (15 points) Refer to the consolidated income statement and balance sheet of Wal-Mart in Appendix. Required: 1. Compute net operating profit after tax (NOPAT) for fiscal year 2016 and 2017. Assume that combined federal and state statutory tax is 37% for both years. 2. Compute net operating assets (NOA) for 2017, 2016, and 2015. 3. Compute return on net operating assets (RNOA) for 2017 and 2016. 4. What […]