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Following are financial statement numbers and ratios for Lockheed Martin Corp. for the year ended December 31, 2016. Total revenue (in millions) $47,248 Net operating
Following are financial statement numbers and ratios for Lockheed Martin Corp. for the year ended December 31, 2016.
Total revenue (in millions) | $47,248 |
Net operating profit margin (NOPM) | 8.8% |
Net operating asset turnover (NOAT) | 3.3 |
If we expected revenue growth of 3.5% in the next year, what would projected revenue be for 2017?
Select one:
A. $48,901.7 million
B. $48,240.2 million
C. $47,248.0 million
D. $51,169.6 million
E. None of the above
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