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9. Following are Tribeca Inc.'s sales, net operating profit after tax (NOPAT), and net operating assets (NOA) for its fiscal year ended May 31, 2017

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9. Following are Tribeca Inc.'s sales, net operating profit after tax (NOPAT), and net operating assets (NOA) for its fiscal year ended May 31, 2017 ($ millions). Sales .......... Net operating profit after tax (NOPAT).............. Net operating assets (NOA) $14,380 3,333 13,301 Forecast Tribeca's NOA for fiscal years 2018 and 2019 using the following assumptions: Sales growth per year ...... Net operating profit margin (NOPM)....... Net operating asset turnover (NOAT), based on NOA at May 31, 2017 ...... 21.90% 23.18% 1.08 a. 2018: $24,001 million b. 2018: $16,231 million c 2018: $17,529 million d. 2018: $14,371 million 2019: $26,532 million 2019: $19,785 million 2019: $21,368 million 2019: $10,347 million

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