CatoMills is a division of Iowa Woolen Products. For the most recent year,Catohad net income of $22,000,000.
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CatoMills is a division of Iowa Woolen Products. For the most recent year,Catohad net income of $22,000,000. Included in income was interest expense of $1,400,000. The operation's tax rate is15percent. Total assets ofCatoMills are $235,000,000, current liabilities are $52,000,000, and $36,000,000of the current liabilities are noninterest bearing.
Calculate NOPAT, invested capital, and ROI forCatoMills.(Round ROI to 2 decimal places, e.g. 5.25%.)
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