Exercise 12-8 For fiscal year 2017, Golden Products had income as follows: $54,000,000 Sales Less: Cost of goods sold Selling and administrative expense Interest expense Income before taxes Less income taxes Net income 38,200,000 5,670,000 1,030,000 9,100,000 3,185,000 $5,915,000 Total assets were $95,000,000, and noninterest-bearing current liabilities were $3,500,000. The company has a required rate of return on invested capital equal to 12 percent. Calculate NOPAT, invested capital, and ROI for Golden Products. (Round ROI to 2 decimal places, e.g. 15.25%.) NOPAT Invested capital ROI Comment on the company's profitability. The company performing well