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Ceradyne Mills is a division of lowa Woolen Products. For the most recent year, Ceradyne had net income of $20,400,000. Included in income was
Ceradyne Mills is a division of lowa Woolen Products. For the most recent year, Ceradyne had net income of $20,400,000. Included in income was interest expense of $1,148,000. The operation's tax rate is 15 percent. Total assets of Ceradyne Mills are $192,700,000, current liabilities are $42,640,000, and $29,520,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Ceradyne Mills. (Round ROI to 2 decimal places, e.g. 5.25%.) NOPAT Invested capital ROI +A $ +A % do
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