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need both sections in red that I got wrong plsss Kennel Mills is a division of lowa Woolen Products. For the most recent year, Kennel
need both sections in red that I got wrong plsss
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 $ 21682000 Invested capital $ 167160000 ROI 12.97 Lawn Hospital is a division of Superior Healthcare that is organized as an investment center. In the past year, the hospital reported an after-tax income of $3,290,000. Total interest expense was $1,551,000, and the hospital's tax rate was 20 percent. Hospital assets totaled $32,900,000, and noninterest-bearing current liabilities were $10,716,000. Superior has established a required rate of return equal to 18 percent of invested capital. Calculate the residual income/EVA of Lawn Hospital. (Enter negative answers preceding either - sign, e.g. -45 or in parentheses, e.g. (45).) Residual income/EVA $ (258420)Step by Step Solution
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