12-8 problem

CALCULATOR MESSAGE MY INSTRUCTOR FULL SCR Exercise 12-8 For fiscal year 2017, LaundryMate Products had income as follows: Sales $55,000,000 Less: Cost of goods sold 38,400,000 Selling and administrative expense 5,700,000 Interest expense 1,000,000 Income before taxes 9,900,000 Less income taxes 3,465,000 Net income $6,435,000 Total assets were $97,000,000, and noninterest-bearing current liabilities were $3,200,000. The company has a required rate of return on invested capital equal to 10 percent. Calculate NOPAT, invested capital, and ROI for LaundryMate Products. (Round ROI to 2 decimal places, e.g. 15.25%.) NOPAT Invested capital ROI % Comment on the company's profitability. The company performing well. LINK TO TEXT