Projecting NOPAT and NOA Using Parsimonious Forecasting MethodProjecting NOPAT and NOA Using Parsimonious Forecasting Method

Following are Target's sales, net operating profit after tax $($NOPAT$),$ and net operating assets $($NOA$)$ for its year ended February $2,2019($$ millions$).$

Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places.

Use the parsimonious method to forecast Target's sales, NOPAT, and NOA for years ended February $2020$ through $2023$ using the following assumptions.

Note: Complete the entire question in Excel $($template provided above$).$ Using Excel, format each answer to two decimal places. Use Increase Decimal or Decrease Decimal to adjust decimal places. Do not

round answers. Then enter the answers into the provided spaces below with $\_$two decimal places.

Note: When completing the question in Excel, refer directly to the cells containing these assumptions, i$.$e$.,$ don't type the NOPM number when making a calculation, refer to the cell.

Note: Use negative signs with answers, when appropriate.

Following are Target$$s sales, net operating profit after tax $($NOPAT$),$ and net operating assets $($NOA$)$ for its year ended February $2,2019($$ millions$).$

Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places.

Financial information

Sales $$76,425$

Net operating profit after tax $($NOPAT$)4,333$

Net operating assets $($NOA$)22,085$