Use the income statement for Microsoft Corporation to compute the following:
a. Tax shield
b. The tax on operating profit
c. NOPAT
The company's combined federal and state statutory tax rate is 37.0%.

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The Answer of Use the income statement for Microsoft Corporation to compute the following:
a. Tax shield
b. The tax on operating profit
c. NOPAT
The company's combined federal and state statutory tax rate is 37.0%.

Use the Income Statement for Microsoft Corporation to Compute the Following