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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 $30,240,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Kennel Mills. (Round ROI to 2 decimal places, e.g. 0.25.) NOPAT $ ta 21682000 Invested capital $ 167160000 ROI 17.29
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