If we expected revenue growth of 3.5% in the next year, what would projected revenue be for Year 2? Select one: a. $47,248.0 b. $44,598.3 c. None of these are correct d. $48,901.7 e. $53,205.0
If we expected revenue growth of 3.5% in the next year, what would projected revenue be for Year 2? Select one: a. $47,248.0 b. $44,598.3 c. None of these are correct d. $48,901.7 e. $53,205.0
Chapter2: Analysis Of Financial Statements
Section: Chapter Questions
Problem 11PROB
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Question
Following are financial statement numbers and ratios for Martin Corp. for the year ended December 31, Year 1.
Total revenue (in millions) | $47,248 |
Net operating profit margin (NOPM) | 8.8% |
Net operating asset turnover (NOAT) | 3.3 |
If we expected revenue growth of 3.5% in the next year, what would projected revenue be for Year 2?
Select one:
a. $47,248.0
b. $44,598.3
c. None of these are correct
d. $48,901.7
e. $53,205.0
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