Projecting NOPAT and NOA Using Parsimonious Forecasting Method Following are Target's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) for its year ended February 2, 2019 ($ millions). Sales $ 75,356 Net operating profit after tax (NOPAT) 3,264 Net operating assets (NOA) 21,016 Use the parsimonious method to forecast Target's sales, NOPAT, and NOA for years ended February 2020 through 2023 using the following assumptions. Sales growth per year 3.6% Net operating profit margin (NOPM) 4.3% Net operating asset turnover (NOAT), based on NOA at February 2, 2019 3.59 Rounding instructions: Round total revenue "unrounded" to two decimal places. Round total revenue "rounded", NOPAT and NOA answers to the nearest whole number. For NOPAT and NOA computations, use total revenue "rounded". 2021 Est. 2022 Est. 2023 Est. $ $ $ $ millions 2020 Est Total revenue (unrounded) $ Total revenue (rounded) NOPAT NOA