Company: Johnson & Johnson

- Forecast EPS and sales for each of the next four quarters using the Foster model (short-term forecasts) - Examine the following ratios for the past 5 to 10 years and create a table of forecasting assumptions (follow Table 6-1 in the textbook) with these ratios as a starting point Sales growth rate NOPAT margin Beginning net operating working capital/Sales Beginning net operating long-term assets/Sales Beginning net debt to capital After-tax cost of debt - Forecast EPS and sales for each of the next four quarters using the Foster model (short-term forecasts) - Examine the following ratios for the past 5 to 10 years and create a table of forecasting assumptions (follow Table 6-1 in the textbook) with these ratios as a starting point Sales growth rate NOPAT margin Beginning net operating working capital/Sales Beginning net operating long-term assets/Sales Beginning net debt to capital After-tax cost of debt