Exercise 12-8 For fiscal year 2017, Page Products had income as follows: $54,300,000 Sales Less: Cost of goods sold Selling and administrative expense Interest expense Income before taxes Less income taxes 39,000,000 5,780,000 1,030,000 8,490,000 2,971,500 $5,518,500 Net income Total assets were $98,000,000, and noninterest-bearing current liabilities were $3,300,000. The company has a required rate of return on invested capital equal to 10 percent. Calculate NOPAT, invested capital, and ROI for Page 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. a l : . . :S .. . .. . .. . a ... . II CLI: ALH