Financial Accounting Following are financial statement numbers and ratios for CVS HealthCorporation for the year ended December 31, 2016: 2016 Total revenue(in millions) $177,526 Net operating profit margin (NOPM) 3.6% Netoperating asset turnover (NOAT) 2.91. If we anticipate a 5% sales growthin 2017, what is the company's projected net operating profit after tax(NOPAT) for 2017? Select one:A. $61,533 millionB. $ 6,710 millionC. $ 6,391 millionD. $64,499 millionE. None of the above

Step 1: First, we will calculate the projected revenue for 2017Total revenue for 2016 = $177,526…

Answered: Following are financial statement…

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter5: Evaluating Operating And Financial Performance

Section: Chapter Questions

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