Following are financial statement numbers and ratios for CVS Health Corporation for the year ended December 31, 2016: 2016 Total revenue (in millions) $177,526 Net operating profit margin (NOPM) 3.6% Net operating asset turnover (NOAT) 2.91. If we anticipate a 5% sales growth in 2017, what is the company's projected net operating profit after tax (NOPAT) for 2017? Select one: A. $61,533 million B. $ 6,710 million C. $ 6,391 million D. $64,499 million E. None of the above
Following are financial statement numbers and ratios for CVS Health Corporation for the year ended December 31, 2016: 2016 Total revenue (in millions) $177,526 Net operating profit margin (NOPM) 3.6% Net operating asset turnover (NOAT) 2.91. If we anticipate a 5% sales growth in 2017, what is the company's projected net operating profit after tax (NOPAT) for 2017? Select one: A. $61,533 million B. $ 6,710 million C. $ 6,391 million D. $64,499 million E. None of the above
Chapter5: Evaluating Operating And Financial Performance
Section: Chapter Questions
Problem 7EP
Related questions
Question
None
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Finance
ISBN:
9780357033609
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Finance
ISBN:
9780357033609
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning