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Following are financial statement numbers and ratios for Salsa Incorporated for the year ended December 31, Year 1 (in millions). NOPAT $578.6 NOA $3,496.4 Net
Following are financial statement numbers and ratios for Salsa Incorporated for the year ended December 31, Year 1 (in millions).
NOPAT | $578.6 |
NOA | $3,496.4 |
Net operating profit margin (NOPM) | 15.9% |
Net operating asset turnover (NOAT) | 1.04 |
If we expected revenue growth of 7% in the next year, what would projected revenue be for the year ended December 31, Year 2?
Select one:
a. None of these are correct
b. $3,636.3 million
c. $3,496.4 million
d. $3,457.0 million
e. $3,893.7 million
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