Question $21$

$15$

Points

You are analyzing a company who just filed their fiscal $2024$ financial statements and you noted$/$calculated the following:

Sales $=100,000$

Net operating profit after tax $($NOPAT$)=25,000$

Net operating assets $($NOA$)=50,000$

Further, the forecasted numbers and assumptions for $2025$ include the following:

Sales growth $=10\%$

Net operating profit margin $($NOPM$)=25\%$

Net operating asset turnover $($NOAT$)=2\mathrm{.}00$

Weighted average cost of capital $($WACC$)=8\%$

Expected residual operating income $($ROPI$)$ for $2025$ would be$?$

a$.23,500$

b$.27,500$

c$.30,000$

d$.50,000$