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Following are 3M's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) for its fiscal year ended 2015 ($millions). Net sales $30,274

Following are 3M's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) for its fiscal year ended 2015 ($millions).

Net sales $30,274
Net operating profit after tax (NOPAT) 4,918
Net operating assets (NOA) 20,502

Use the parsimonious method to forecast 3M's sales, NOPAT, and NOA for fiscal years 2016 through 2020 using the following assumptions.

Net sales growth per year 0.5%
Net operating profit margin (NOPM) 16.2%
Net operating assets turnover (NOAT), based on NOA at fiscal year-end 1.48

($ millions) 2016 2017 Est. 2018 Est. 2019 Est. 2020 Est.
Sales (rounded two decimal places) $30,274.00 Answer Answer Answer Answer
Sales (rounded nearest whole number) $30,274 Answer Answer Answer Answer
NOPAT (rounded nearest whole number)* $4,918 Answer Answer Answer Answer
NOA (rounded nearest whole number)* $20,502 Answer Answer Answer Answer

*Use Sales - rounded nearest whole number to calculate NOPAT and NOA.

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