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

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

Every 10 years, the federal government sponsors a national survey of health and health practices (nhanes). one question in the survey asks participants to rate their overall health using a 5-point rating scale. what is the scale of measurement used for this question? ratio ordinal interval nominal

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.