Entrepreneurial Finance
Entrepreneurial Finance
6th Edition
ISBN: 9781337635653
Author: Leach
Publisher: Cengage
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Hi expert provide correct option general accounting

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
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Transcribed Image Text: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
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