Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. projecting nopat and noa using parsimonious foreca

Projecting NOPAT and NOA Using Parsimonious Forecasting Method Assume the following are 3M's sales, net...

50.1K

Verified Solution

Question

Accounting

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 $24,802
Net operating profit after tax (NOPAT) 4,207
Net operating assets (NOA) 14,990

Forecast 3M's sales, NOPAT and NOA for fiscal years 2011 through 2014 using the following assumptions:

Sales growth per year 6.7%
Net operating profit margin (NOPM) 17.2%
Net operating assets turnover (NOAT), based on NOA at 2010 fiscal year-end 1.50

($ millions) 2010 2011 Est. 2012 Est. 2013 Est. 2014 Est.
Sales (rounded two decimal places) $24,802.00 $Answerimage

$Answerimage

$Answerimage

$Answerimage

Sales (rounded nearest whole number) $24,802 $Answerimage

$Answerimage

$Answerimage

$Answerimage

NOPAT (rounded nearest whole number)* $4,207 $Answerimage

$Answerimage

$Answerimage

$Answerimage

NOA (rounded nearest whole number)* $14,990 $Answerimage

$Answerimage

$Answerimage

$Answerimage

*Use Sales - rounded nearest whole number to calculate NOPAT and NOA.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

1) Donaldson Company has the following accounts in its generalledger at July 31: Accounts...

Statistics
1.2K views

This week we are learning about the Independent Samples T-Test (a.k.a., between-subjects research design), which tests...

Psychology
1.2K views

What are the five principles of ethical leadership? How do these principles mesh with Weinstein’s Five...

Accounting
1.2K views

The ABC Corporation is a large multinational company that has facilities (both manufacturing and distribution) located...

Physics
1.2K views

0 45 Which one of the following statements is true a An object situated at...

Physics
1.2K views

26 Two bulbs X and Y having same voltage rating and of power 40 watt...

Physics
1.2K views

in electron is placed at its corners of a regular 69 Force on the short...

Algebra
1.2K views

cube roots of 125( cos(5?/6) + / sin(5?/6))(a) Find the roots of the given complex...

Accounting
1.2K views

20 Skipped Camelback Industries operates a delivery service for local restaurants, delivering call-n,...

Accounting
1.2K views

II. A company plans to set up a new factory. There are 12 existing distribution...

Accounting
1.2K views

Cal Statx meetix Home Degree x Econo homeworkid=610816932&questionid=3flushed=false&cid=6623292¢erwin Question 4, PF13-44A (s... Part of HW...

Accounting
1.2K views

During 2019 (its first year of operations) and 2020, Fieri Foods used the FIFO inventory...