alysis out of 2.00 Projecting NOPAT and NOA Using Parsimonious Forecasting Metho
ID: 2581997 • Letter: A
Question
alysis out of 2.00 Projecting NOPAT and NOA Using Parsimonious Forecasting Method Assume the following are 3M's sales, net operating profit after tax year ended 2010 (Smillions). $24,462 Net operating profit after tax (NOPAT) 4,159 15,170 Forecast 3M's sales, NOPAT and NOA for fiscal years 2011 through 2014 using the following assumptions 9.7% Net operating profit margin (NOPM) Net operating assets turnover (NOAT), based on NOA at 2010 fiscal year- end 1.80 2010 2011 Est. 2012 Est. 2013 Est. 2014 Est. 26,834.81 Sales (rounded two decimal places) $24,462.00 32,293 $24,462 S 6,200 5.152 $4,159 19,681 14,908 "Use Sales -rounded nearest whole number to calculate NOPAT and NOA.Explanation / Answer
As per the picture u provided we can see that all your answers are correct except 2013 Est. sales, so we will calculate the correct the correct Sales.
Est. Sales in 2012 = 29,437.79 + (9.7% * 29,437.79) = 32,293.25563
Soif we will round off to nearest 2 decimals the answer will be 32,293.26.
Answer = 32,293.26.
Your answer is also right but there is a small error of 0.01
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.