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Marx Mills is a division of lowa Woolen Products. For the most recent year, Marx had net income of $21,200,000. Included in income was interest
Marx Mills is a division of lowa Woolen Products. For the most recent year, Marx had net income of $21,200,000. Included in income was interest expense of $1,204,000. The operation's tax rate is 30 percent. Total assets of Marx Mills are $202,100,000, current liabilities are $44,720,000, and $30,960,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Marx Mills. (Round ROI to 2 decimal places, e.g. 5.25%.) NOPAT Invested capital $ ROI %
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