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Exercise 12-7 Sweetwater Mills is a division of Iowa Woolen Products. For the most recent year, Sweetwater had net income of $20,000,000. Included in income
Exercise 12-7
Sweetwater Mills is a division of Iowa Woolen Products. For the most recent year, Sweetwater had net income of $20,000,000. Included in income was interest expense of $1,450,000. The operation's tax rate is 40 percent. Total assets of Sweetwater Mills are $230,000,000, current liabilities are $52,400,000, and $36,000,000 of the current liabilities are noninterest bearing.
What is the NOPAT, invested capital, and ROI for Sweetwater Mills.(Round ROI to 2 decimal places, e.g. 15.25%.)
NOPAT $______
Invested capital $_____
ROI____%
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