Question number 6

Question 6 Foress Mills is a division of Iowa Woolen Products. For the most recent year, Foress had net income of $19,200,000. Included in income was interest expense of $1,400,000. The operation's tax rate is 40 percent. Total assets of Foress Mills are $230,000,000, current liabilities are $51,400,000, and $35,000,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Foress Mills. (Round ROI to 2 decimal places, e.g. 15.25%.) NOPAT Invested capital $ ROI %