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Use the following information for questions 13 and 14. Following is financial information for Chevie, Inc., for the year ended December 31, 2020 (in thousands).
Use the following information for questions 13 and 14. Following is financial information for Chevie, Inc., for the year ended December 31, 2020 (in thousands). Use the parsimonious method of forecasting to project net operating profit after tax (NOPAT) and net operating assets (NOA) for 2024. $3,204,577 Sales Net operating profit after tax (NOPAT) Operating assets Operating liabilities 236,186 2,271,385 2,026,386 Assume that net operating profit margin (NOPM) and net operating asset turnover (NOAT) will remain at 2020 levels. Assume that sales will grow at 12% per year. he net 13. Using the parsimonious of forecasting to project, what operating profit after tax (NOPAT) for 2024? a. $265,595 b. $333,163 c. $373,142 d. $297,467 14. Using the parsimonious method of forecasting to project, what is the net operating assets (NOA) for 2024? a. $344,205 b. $385,509 c. $274,398 d. $307,326
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