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PaverMills is a division of Iowa Woolen Products. For the most recent year,Paverhad net income of $21,600,000. Included in income was interest expense of $1,232,000.
PaverMills is a division of Iowa Woolen Products. For the most recent year,Paverhad net income of $21,600,000. Included in income was interest expense of $1,232,000. The operation's tax rate is35percent. Total assets ofPaverMills are $206,800,000, current liabilities are $45,760,000, and $31,680,000of the current liabilities are noninterest bearing.
Calculate NOPAT, invested capital, and ROI forPaverMills.(Round ROI to 2 decimal places, e.g. 0.25.)
NOPAT $_________________
Invested capital $_________________
ROI $_________________
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