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For fiscal year 2017, Walla Walla Products had income as follows: Sales $54,100,000 Less: Cost of goods sold 38,600,000 Selling and administrative expense 5,710,000 Interest
For fiscal year 2017, Walla Walla Products had income as follows:
Sales $54,100,000
Less:
Cost of goods sold 38,600,000
Selling and administrative expense 5,710,000
Interest expense 1,090,000
Income before taxes 8,700,000
Less income taxes 3,045,000
Net income $5,655,000
Total assets were $97,000,000, and noninterest-bearing current liabilities were $3,500,000. The company has a required rate of return on invested capital equal to 11 percent.
Calculate NOPAT, invested capital, and ROI for Walla Walla Products.
NOPAT $?
Invested capital $?
ROI %?
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