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CinrichMills is a division of Iowa Woolen Products. For the most recent year,Cinrichhad net income of $22,800,000. Included in income was interest expense of $1,456,000.
CinrichMills is a division of Iowa Woolen Products. For the most recent year,Cinrichhad net income of $22,800,000. Included in income was interest expense of $1,456,000. The operation's tax rate is25percent. Total assets ofCinrichMills are $244,400,000, current liabilities are $54,080,000, and $37,440,000of the current liabilities are noninterest bearing.
Calculate NOPAT, invested capital, and ROI forCinrichMills.(Round ROI to 2 decimal places, e.g. 5.25%.)
NOPAT$
INVESTED CAPITAL$
ROI%
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