Question: Forecasting with the Parsimonious Method and Estimating Share Value Using the DCF Model Following are income statements and balance sheets for Cisco Systems. (a) Compute


Forecasting with the Parsimonious Method and Estimating Share Value Using the DCF Model Following are income statements and balance sheets for Cisco Systems. (a) Compute net operating assets (NOA) for 2019. Hint: Treat Financing receivable as operating assets. NOA=$ 2019 NOPAT = Sales growth 2020-2023 Terminal growth \begin{tabular}{l|l} Net operating profit margin & 2019 rate rounded to three decimal places \\ \hline Net operating asset turnover & 2019 rate roinded to three decimal places \end{tabular} \begin{tabular}{l|l} Net operating asset turnover & 2019 rate rounded to three decimal places \end{tabular} * Use sales rounded to nearest whole number for this calculation. Instructions: Use your rounded answers for subsequent calculations. Round all answers to the nearest whole number, except for discount factors and stock price per share. Round discount factors to 5 decimal places. Round stock price per share to two decimal places
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