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Ridgewood Mills is a division of Iowa Woolen Products. For the most recent year, Ridgewood had net income of $20,000,000. Included in income was interest
Ridgewood Mills is a division of Iowa Woolen Products. For the most recent year, Ridgewood had net income of $20,000,000. Included in income was interest expense of $1,450,000. The operations tax rate is 40 percent. Total assets of Ridgewood Mills are $230,000,000, current liabilities are $52,400,000, and $36,000,000 of the current liabilities are noninterest bearing.
Calculate NOPAT, invested capital, and ROI for Ridgewood Mills. (Round ROI to 2 decimal places, e.g. 15.25%.)
NOPAT $
Invested capital $
ROI %
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