Following is financial information for Snap-On Inc. for the year ended December 31, 2016.
Assume that net operating profit margin (NOPM) and net operating asset turnover (NOAT) will remain at 2016 levels. Assume that sales will grow as follows:
Required:
Use the parsimonious method of forecasting to project net operating profit after tax (NOPAT) and net operating assets (NOA) for 2017 through 2020, inclusive.

Question

Following is financial information for Snap-On Inc. for the year ended December 31, 2016. 
  Assume that net operating profit margin (NOPM) and net operating asset turnover (NOAT) will remain at 2016 levels. Assume that sales will grow as follows:
  Required:
Use the parsimonious method of forecasting to project net operating profit after tax (NOPAT) and net operating assets (NOA) for 2017 through 2020, inclusive.

Quizplus · Accepted Answer

The Answer of Following is financial information for Snap-On Inc. for the year ended December 31, 2016. 
  Assume that net operating profit margin (NOPM) and net operating asset turnover (NOAT) will remain at 2016 levels. Assume that sales will grow as follows:
  Required:
Use the parsimonious method of forecasting to project net operating profit after tax (NOPAT) and net operating assets (NOA) for 2017 through 2020, inclusive.

Following Is Financial Information for Snap-On Inc