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The following are the Condensed Financial Statements for Akil Inc. for 2022 (actual). Select Financial Statement Information Balance Sheet 2022 Net Operating Working Capital 2,500

The following are the Condensed Financial Statements for Akil Inc. for 2022 (actual).

Select Financial Statement Information
Balance Sheet 2022
Net Operating Working Capital 2,500
Net Long-Term Operating Assets 7,000
Net Operating Assets 9,500
Net Financing Liabilities 3,000
Common Shareholders Equity 6,500
Net Debt & Equity (or Net Capital) 9,500
Income Statement 2022
Net Sales 40,000
Net Operating Profits after tax 2,750
Net Interest Expense after tax 170
Net Income 2,580

Company Information
2023 2024 2025 2026 2027

Thereafter

Sales Growth 10% 10% 8% 6% 6% 6%

Gross Margin

19.5% 19.5% 19.0% 19.0% 19.0% 19.0%
NOPAT margin (PM) 6.5% 6.5% 6.5% 5.5% 5.5% 5.5%
Current Ratio 2.1 2 2 2 1.9 1.9
ATO 4.5 4.5 4.4 4.4 4.4 4.4
Operating LT Assets/Sales 15.0% 15.0% 15.0% 14.5% 14.0% 14.0%
Net Debt/Capital 33.0% 33.0% 31.0% 31.0% 31.0% 31.0%
After Tax Cost of Debt 6.0% 6.0% 6.0% 6.0% 6.0% 6.0%
Tax Rate 24.0% 24.0% 24.0% 24.0% 24.0% 24.0%

Using the above information, forecast SALES, NOPAT, and NOA for 2023 through 2027 (and thereafter for Sales).

Check figure: 2023 NOA = $10,756

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