1. Following are financial statement numbers and ratios for Lockheed Martin Corp. for the year ended December 31, 2016.
Total revenue (in millions) $47,248
Net operating profit margin (NOPM) 8.8%
Net operating asset turnover (NOAT) 3.3
If we expected revenue growth of 3.5% in the next year, what would projected revenue be for 2017?
A. $48,901.7 million
B. $48,240.2 million
C. $47,248.0 million
D. $51,169.6 million
E. None of the above
2. Redding Corp. reported the following information in its 2017 annual report (in millions). Plans' assets at fair value, January 1, 2017 $18,394 Actual return on plans assets 2,034 Company contributions 1,394 Benefits paid 1,792 Expected return on plan assets 1,981 What were the pension plan assets at the end of the year?
A. $20,030 million
B. $16,712 million
C. $13,855 million
D. $16,668 million
E. None of the above