Following are financial statement numbers and ratios for Your Health Corporation for the year ended December 31, Year 6. Year 6 Total revenue (in millions) $159,773 Net operating profit margin (NOPM) 3.6% Net operating asset turnover (NOAT) 2.91 If we anticipate a 5% sales growth in Year 7, what is the company's projected net operating assets (NOA) for Year 7?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Following are financial statement numbers and ratios for Your Health Corporation for the year ended December 31, Year 6.
                                                                    Year 6
          Total revenue (in millions)                     $159,773
          Net operating profit margin (NOPM)       3.6%
          Net operating asset turnover (NOAT)      2.91

If we anticipate a 5% sales growth in Year 7, what is the company's projected net operating assets (NOA) for Year 7?

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