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Kennel Mills is a division of lowa Woolen Products. For the most recent year, Kennel had net income of $20,800.000. Included in income was interest
Kennel Mills is a division of lowa Woolen Products. For the most recent year, Kennel had net income of $20,800.000. Included in income was interest expense of $1,176,000. The operation's tax rate is 25 percent. Total assets of Kennel Mills are $197.400,000, current liabilities are $43,680.000 and $30,200,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital and Rol for Kernel Mills. (Round ROI to 2 decimal places, s. 15.25.) NOPAT $ Invested capital $ ROI
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