For fiscal year 2018, Macaron Department Store had net income of $6,040,000. Interest expense was $2,265,000, and the companys tax rate on income was 30 percent. Total assets were $79,205,000, and noninterest-bearing current liabilities were $6,633,400. The companys cost of capital (required rate of return) is 10 percent.

Calculate NOPAT, invested capital, and residual income for Macaron Department Store. (Enter negative answers preceding either - sign, e.g. -45 or in parentheses, e.g. (45).)

NOPAT $

Invested capital $

Residual income $

Comment on the companys profitability.

The company appears

profitablenot profitable

.