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Golden Mills is a division of lowa Woolen Products. For the most recent year, Golden had net income of $22,800,000. Included in income was interest
Golden Mills is a division of lowa Woolen Products. For the most recent year, Golden had net income of $22,800,000. Included in income was interest expense of $1,596,000. The operation's tax rate is 25 percent. Total assets of Golden Mills are $267,900,000, current liabilities are $59,280,000, and $41,040,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Golden Mills. (Round ROI to 2 decimal places, e.g. 5.25%.) NOPAT $ Invested capital $ ta ROI %
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