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Page Mills is a division of lowa Woolen Products. For the most recent year, Page had net income of $23,200,000. Included in income was interest
Page Mills is a division of lowa Woolen Products. For the most recent year, Page had net income of $23,200,000. Included in income was interest expense of $1,624,000. The operation's tax rate is 30 percent. Total assets of Page Mills are $272,600,000, current liabilities are $60,320,000, and $41,760,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Page Mills. (Round ROI to 2 decimal places, e.g. 5.25%.) NOPAT $ Invested capital $ ROI %
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