Following are financial statement numbers and ratios for Snap-On Incorporated for the year ended December 28, 2016 (in millions).
If we expected revenue growth of 5% in the next year, what would projected revenue be for the year ended December 30, 2017?
NOPAT $ 590.4
NOA 3,567.8
Net operating profit margin (NOPM) 15.9%
Net operating asset turnover (NOAT) 1.04
Hint: NOPM = (NOPAT/Sales) and NOAT =(Sales/Avg. NOA)
A) $3,567.8 million
B) $3,551.0 million
C) $3,898.9 million
D) $3,713.2 million
