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Foress Mills is a division of lowa Woolen Products. For the most recent year, Foress had net income of $23,600,000. Included in income was interest
Foress Mills is a division of lowa Woolen Products. For the most recent year, Foress had net income of $23,600,000. Included in income was interest expense of $1,652,000. The operation's tax rate is 35 percent. Total assets of Foress Mills are $277,300,000, current liabilities are $61,360,000, and $42,480,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Foress Mills. (Round ROI to 2 decimal places, eg. 0.25.) NOPAT $ Invested capital $ ROI
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