subject
Business, 29.01.2020 05:43 alyxkellar06

Compute nopat using tax rates from tax footnote the income statement for the tjx companies, inc., follows.

the tjx companies, inc. consolidated statements of income

fiscal year ended ($ thousands)

january 27, 2007

net sales

$17,404,637

cost of sales, including buying and occupancy costs

13,213,703

selling, general and administrative expenses

2,923,560

provision (credit) for computer intrusion related costs

4,960

interest expense (revenue), net

15,566

income from continuing operations before provision for income taxes

1,246,848

provision for income taxes

470,092

income from continuing operations

776,756

gain/(loss) from discontinued operations, net of income taxes

(38,717)

net income

$ 738,039

u. s. federal statutory income tax rate

35.0%

effective state income tax rate

4.0%

impact of foreign operation

-0.4%

all other

-0.9%

worldwide effective income tax rate

37.7%

compute tjx's nopat for 2007 using its income tax footnote disclosure. (the federal and state tax rate for 2007 as reported by tjx's tax footnote is: 39.0%). round to the nearest whole number. 2007 nopat = $answer

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 04:40
What is ur favorite song and by who i know dis is a random question
Answers: 2
question
Business, 22.06.2019 11:10
Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.
Answers: 1
question
Business, 22.06.2019 14:40
Which of the following would classify as a general education requirement
Answers: 1
question
Business, 22.06.2019 20:00
River corp's total assets at the end of last year were $415,000 and its net income was $32,750. what was its return on total assets? a. 7.89%b. 8.29%c. 8.70%d. 9.14%e. 9.59%
Answers: 3
You know the right answer?
Compute nopat using tax rates from tax footnote the income statement for the tjx companies, inc., fo...
Questions
Questions on the website: 13722363