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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

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