For fiscal year 2017, LaundryMate Products had income as follows:

Sales		$55,000,000
Less:
Cost of goods sold		38,400,000
Selling and administrative expense		5,700,000
Interest expense		1,000,000
Income before taxes		9,900,000
Less income taxes		3,465,000
Net income		$6,435,000

Total assets were $97,000,000, and noninterest-bearing current liabilities were $3,200,000. The company has a required rate of return on invested capital equal to 10 percent. Calculate NOPAT, invested capital, and ROI for LaundryMate Products. (Round ROI to 2 decimal places, e.g. 15.25%.)

NOPAT		$
Invested capital		$
ROI			%

Comment on the companys profitability.

The company

isis not

performing well.