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Cato Mills is a division of Iowa Woolen Products. For the most recent year, Cato had net income of $19,100,000. Included in income was interest
Cato Mills is a division of Iowa Woolen Products. For the most recent year, Cato had net income of $19,100,000. Included in income was interest expense of $1,410,000. The operation's tax rate is 40 percent. Total assets of Cato Mills are $234,000,000, current liabilities are $52,800,000, and $35,000,000 of the current liabilities are noninterest bearing.
Calculate NOPAT, invested capital, and ROI for Cato Mills.
NOPAT $?
Invested capital $?
ROI %?
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