Following is information from Soar Corporation for Year 6 ($ in millions).           Total revenue                                   $47,510           Projected revenue growth rate           5.0%           Net operating profit margin (NOPM)   17.3%           Net operating assets (NOA)               $66,653           Net operating asset turnover (NOAT)  0.74 Projected net operating profit after tax (NOPAT) for Year 7 is:     $8,219 million     $2,376 million     $2,466 million     $8,630 million     None of these are correct.

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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Following is information from Soar Corporation for Year 6 ($ in millions).

          Total revenue                                   $47,510
          Projected revenue growth rate           5.0%
          Net operating profit margin (NOPM)   17.3%
          Net operating assets (NOA)               $66,653
          Net operating asset turnover (NOAT)  0.74

Projected net operating profit after tax (NOPAT) for Year 7 is:

   

$8,219 million

   

$2,376 million

   

$2,466 million

   

$8,630 million

   

None of these are correct.

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