Question: Recalculate the forecasts in Tables 8-2 assuming that the ratio of net operating working capital to sales is 3 percent, and the ratio of net

Recalculate the forecasts in Tables 8-2 assuming that the ratio of net operating working capital to sales is 3 percent, and the ratio of net long-term assets to sales holds steady at 33.4percent for all the years from fiscal 2011 to fiscal 2020. Keep all the other assumptions unchanged.

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2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Sales growth rate 57 66 71 69 67 65 63 61 59 57 NOPAT margin 79 75 71 67 63 59 55 50 45 40 WC to sal... View full answer

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