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Current Attempt in Progress Handley Mills is a division of lowa Woolen Products. For the most recent year, Handley had net income of $22,400,000. Included
Current Attempt in Progress Handley Mills is a division of lowa Woolen Products. For the most recent year, Handley had net income of $22,400,000. Included in income was interest expense of $1,708,000. The operation's tax rate is 15 percent. Total assets of Handley Mills are $286,700,000, current liabilities are $63,440,000, and $43,920,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Handley Mills. (Round ROI to 2 decimal places, e.g. 15.25.) NOPAT $ Invested capital $ ROI
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