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Complete the table Forecast Year 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Sales growth rate 9.39% 8.31% 8.42% 7.60% 6.80% 6.00% 5.30%

Complete the table

Forecast Year 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Sales growth rate 9.39% 8.31% 8.42% 7.60% 6.80% 6.00% 5.30% 4.50% 3.80% 3.00%
NOPAT margin 9.89% 10.49% 11.09% 10.50% 9.90% 9.30% 8.70% 8.10% 7.60% 7.00%
Beginning net operating working/sales 10.60% 9.60% 8.60% 8.60% 8.60% 8.60% 8.60% 8.60% 8.60% 8.60%
Beginning net operating long-term assets/sales 58.10% 57.00% 55.70% 55.70% 55.70% 55.70% 55.70% 55.70% 55.70% 55.70%
Beginning net debt to captial ratio 57.20% 57.20% 57.20% 57.20% 57.20% 57.20% 57.20% 57.20% 57.20% 57.20%
After-tax cost of debt 1.50% 1.70% 1.90% 2.10% 2.30% 2.50% 2.50% 2.50% 2.50% 2.50%
Beginning Balance Sheet
Beg net working capital 23191.95
+ Beg net long term assets 127118.15
= net operating assets 150310.10

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