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For fiscal year 2018, Toy Co Department Store had net income of $6,030,000. Interest expense was $2,261,250, and the company's tax rate on income was
For fiscal year 2018, Toy Co Department Store had net income of $6,030,000. Interest expense was $2,261,250, and the company's tax rate on income was 40 percent. Total assets were $75,295,000, and noninterest-bearing current liabilities were $6,306,000. The company's cost of capital (required rate of return) is 10 percent.
Calculate NOPAT, invested capital, and residual income for Toy Co Department Store.
NOPAT $?
Invested capital $?
Residual income $?
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