QUESTION 1 Correct 1.00 points out of 1.00 Projecting NOPAT and NOA Using Parsimonious Forecasting Method Assume the following are 3M's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) for its fiscal year ended 2010 ($millions). Sales $24,422 Net operating profit after tax (NOPAT) 4,251 Net operating assets (NOA) 15,430 Forecast 3M's sales, NOPAT and NOA for fiscal years 2011 through 2014 using the following assumptions: Sales growth per year 8.79% Net operating profit margin (NOPM) 15.29% Net operating assets turnover (NOAT), based on NOA at 2010 fiscal year- 1.70 end ($ millions) 2010 2011 Est. 2012 Est. 2013 Est. 2014 Est. Sales (rounded two $24,422.00 26,546.71 28,856.28 $ 31,366.77 34,095.68 decimal places) Sales (rounded nearest $24,422 26,547 28,856 31,367 34,096 whole number) NOPAT (rounded nearest $4,251 4,035 4,386 4,768 5,183 whole number)* NOA (rounded nearest $15,430 $ 15,616 16,974 $ 18,451 20,056 whole number)* *Use Sales - rounded nearest whole number to calculate NOPAT and NOA