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Following are financial statement numbers and select ratios for Target Corp. for the fiscal year 2020 ($ in millions). Use the information to determine the
Following are financial statement numbers and select ratios for Target Corp. for the fiscal year 2020 ($ in millions). Use the information to determine the residual operating income (ROPI) in 2021. 2020 Total revenues $69,500 $21,130 5% 2020 Net operating assets (NOA) Sales growth, 2021 through 2024 Net operating profit margin (NOPM) Net operating asset turnover (NOAT) Terminal growth rate 4% 3.29 2% Discount rate 6% (Please show your calculations)
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