Following is information from Skyway Inc. for the year (in thousands).Total annual revenue$3,206,980Total revenue growth rate5.0%Terminal revenue growth rate2%Net operating profit margin (NOPM)8.2%Net operating asset turnover (NOAT)3.42 Projected total revenue for the following year would be:Select one:a. $3,469,952b. None of these are correctc. $3,316,659d. $3,271,120e. $3,367,329

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Following is information from Skyway Inc. for the year (in thousands).

Total annual revenue	$3,206,980
Total revenue growth rate	5.0%
Terminal revenue growth rate	2%
Net operating profit margin (NOPM)	8.2%
Net operating asset turnover (NOAT)	3.42

Projected total revenue for the following year would be:

Select one:

a. $3,469,952

b. None of these are correct

c. $3,316,659

d. $3,271,120

e. $3,367,329

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