Question
Beca Mills is a division of Iowa Woolen Products. For the most recent year, Marx had net income of $23,200,000. Included in income was interest
Beca Mills is a division of Iowa Woolen Products. For the most recent year, Marx had net income of $23,200,000. Included in income was interest expense of $1,764,000. The operations tax rate is 30 percent. Total assets of Marx Mills are $296,100,000, current liabilities are $65,520,000, and $45,360,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Beca Mills. (Round ROI to 2 decimal places, e.g. 5.25.) $enter NOPAT in dollars rounded to 0 decimal places $enter Invested capital in dollars rounded to 0 decimal places.
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