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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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