Question
ShawnMills is a division of Iowa Woolen Products. For the most recent year,Lawnhad net income of $18,800,000. Included in income was interest expense of $1,316,000.
ShawnMills is a division of Iowa Woolen Products. For the most recent year,Lawnhad net income of $18,800,000. Included in income was interest expense of $1,316,000. The operation's tax rate is25percent. Total assets ofLawnMills are $220,900,000, current liabilities are $48,880,000, and $33,840,000of the current liabilities are noninterest bearing.
Calculate NOPAT, invested capital, and ROI forLawnMills.(Round ROI to 2 decimal places, e.g. 0.25.)
NOPAT in dollars rounded to 0 decimal places????
Invested capital in dollars rounded to 0 decimal places ???
Return On Investment in dollars rounded to 2 decimal places ???
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