For fiscal year 2020, Golden Products had income as follows: Sales Less: $54,800,000 Cost of goods...

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For fiscal year 2020, Golden Products had income as follows: Sales Less: $54,800,000 Cost of goods sold 38,700,000 Selling and administrative expense 5,720,000 Interest expense 1,030,000 Income before taxes 9,350,000 Less income taxes Net income 1,870,000 $7,480,000 Total assets were $99,000,000, and noninterest-bearing current liabilities were $3,400,000. The company has a required rate of return on invested capital equal to 11 percent and a tax rate of 20 percent. Calculate NOPAT, invested capital, and ROI for Golden Products. (Round ROI to 2 decimal places, e.g. 0.25.) NOPAT Invested capital $ ROI For fiscal year 2020, Golden Products had income as follows: Sales Less: $54,800,000 Cost of goods sold 38,700,000 Selling and administrative expense 5,720,000 Interest expense 1,030,000 Income before taxes 9,350,000 Less income taxes Net income 1,870,000 $7,480,000 Total assets were $99,000,000, and noninterest-bearing current liabilities were $3,400,000. The company has a required rate of return on invested capital equal to 11 percent and a tax rate of 20 percent. Calculate NOPAT, invested capital, and ROI for Golden Products. (Round ROI to 2 decimal places, e.g. 0.25.) NOPAT Invested capital $ ROI