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Following are financial statement numbers and ratios for CVS Caremark for the year ended December 31, 2017. If we anticipate a 4% sales growth in
Following are financial statement numbers and ratios for CVS Caremarkfor the year ended December 31, 2017. If we anticipate a 4% sales growth in 2018 what is the companys projected net operating profit after tax(NOPAT) for 2018?
2017 Total revenue (in millions) $126,761
2017 Net operating profit margin (NOPM) 3.9%
2017 Net operating asset turnover (NOAT) 2.7
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