Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 4 Not yet awered Merced out of 8.00 P Flag question Projecting NOPAT and NOA Using Parsimonious Forecasting Method Assume the following are 3M

image text in transcribed
Question 4 Not yet awered Merced out of 8.00 P Flag question 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 (Smillions). Sales $24422 Net operating profit after tax (NOPAD 4251 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 8.7% Net operating profit margin (NOPM) 15.25 Net operating assets turnover (NOAT), based on NOA at 2010 fiscal year: 1.70 end 2013 Est. 2014 Est 5 $ (5 millions) 2010 2031 Est 2012 Est Sales (rounded two decimal places) $24.422.00 $ Sales (rounded nearest whole number 524.4225 5 NOPAT (rounded nearest whole number 54251 5 NOA (rounded nearest whole number) 5154301 5 * Use Sales - rounded nearest whole number to calculate NOPAT and NOA $ 1 $ $ $ Previous Save Answers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Theory And Practice

Authors: Eugene F Brigham, Michael C Ehrhardt

11th Edition

0324259689, 9780324259681

More Books

Students also viewed these Finance questions