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Following are financial statement numbers and ratios for Martin Corp. for the year ended December 31, Year 1. Total revenue (in millions) $42,523 Net operating
Following are financial statement numbers and ratios for Martin Corp. for the year ended December 31, Year 1.
Total revenue (in millions) | $42,523 |
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 Year 2?
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