Question
Assume that sales are expected to increase by 3% next year, core profit margin is expected to be 12% of sales, and current NOA is
Assume that sales are expected to increase by 3% next year, core profit margin is expected to be 12% of sales, and current NOA is expected to grow at the same growth rate of sales. If the required return on operations is 9%, current sales are $923,213, current NOA is $248,204, what is the expected ReOI for the coming year?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
