Question
I saw that the listed answer is D, but the math isn't done out in a way that helps me to understand how to do
I saw that the listed answer is D, but the math isn't done out in a way that helps me to understand how to do the equation. Can you please spell it out for me?
5. Following are financial statement numbers and ratios for Snap-On Incorporated for the year ended January 1, 2011 (in millions). If we expected revenue growth of 2% in the next year, what would projected revenue be for the year ended December 30, 2011?
NOPAT | 322.6 |
NOA | 2,345.8 |
Net operating profit margin (NOPM) | 11.3% |
Net operating asset turnover (NOAT) | 1.31 |
A) $3,176.7 million
B) $3,739.0 million
C) $2,854.2 million
D) $2,911.3 million
E) None of the above
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