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Using the expected 2013 and forecasted income statement data from the HNZ Fcast worksheet and the tax rates in the HNZ Tax worksheet, calculate Heinz
Using the expected 2013 and forecasted income statement data from the HNZ Fcast worksheet and the tax rates in the HNZ Tax worksheet, calculate Heinz projected NOPAT from 2014 2018.
HNZ Fcast Worksheet:
For Fiscal Year Ending April, | ||||||
(dollars in millions, | 2013E | 2014P | 2015P | 2016P | 2017P | 2018P |
except per share data) | ||||||
Revenue | 11,529 | 12,141 | 12,657 | 13,112 | 13,744 | 14,446 |
EBITDA | 2,057 | 2,195 | 2,340 | 2,453 | 2,613 | 2,789 |
EBIT | 1,705 | 1,834 | 1,965 | 2,061 | 2,202 | 2,355 |
Fully diluted earnings per share | $3.58 | $3.78 | $3.83 | $4.00 | $4.29 | $4.60 |
HNZ Tax Worksheet:
Tax Rate History | 2011 | 2012 | 2013 | ||
U.S. federal statutory tax rate | 35.0% | 35.0% | 35.0% | ||
Effective tax rate | 26.2% | 19.8% | 18.0% |
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