Provided below are an analysts forecasts of revenue, net operating profit after tax (NOPAT), and...
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Provided below are an analysts forecasts of revenue, net operating profit after tax (NOPAT), and net operating assets (NOA) as of 09/01/2019 for Costco.
| ($ millions) | Reported 2019 | Forecast Horizon Period | Terminal Period | |||
|---|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | |||
| Revenue: | $152,703.0 | $160,338.2 | $168,355.1 | $176,772.8 | $185,611.5 | $187,467.6 |
| NOPAT: | $3,682.2 | $3,866.3 | $4,059.6 | $4,262.6 | $4,475.7 | $4,520.4 |
| NOA: | $12,963.0 | $13,611.2 | $14,291.7 | $15,006.3 | $15,756.6 | $15,914.2 |
Use the information above to calculate residual operating income (ROPI) during the horizon period (2020-2023) and the terminal period. Assume a weighted average cost of capital of 4.5%.
| $ millions | 2020 | 2021 | 2022 | 2023 | Terminal Period |
| ROPI: |
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