Reference no: EM133009619
Projecting NOPAT and NOA Using Parsimonious Forecasting Method
Following are Logitech's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) for its fiscal year ended March 31, 2019 ($ thousands).
Net sales $2,788,322
Net operating profit after tax (NOPAT) 211,362
Net operating assets (NOA) 571,823
Use the parsimonious method to forecast Logitech's sales, NOPAT, and NOA for fiscal years ended March 31, 2020 through 2023 using the following assumptions.
Net sales growth per year 7.00%
Net operating profit margin (NOPM) 7.58%
Net operating assets turnover (NOAT), based on NOA at fiscal year-end 4.88
Problem 1: Use Sales - rounded nearest whole number to calculate NOPAT and NOA.
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