Question
Sipacore Mills is a division of Iowa Woolen Products. For the most recent year, Sipacore had net income of $18,400,000. Included in income was interest
Sipacore Mills is a division of Iowa Woolen Products. For the most recent year, Sipacore had net income of $18,400,000. Included in income was interest expense of $1,288,000. The operations tax rate is 15 percent. Total assets of Sipacore Mills are $216,200,000, current liabilities are $47,840,000, and $33,120,000 of the current liabilities are noninterest bearing.
Calculate NOPAT, invested capital, and ROI for Sipacore Mills. (Round ROI to 2 decimal places, e.g. 5.25%.)
NOPAT | $ enter NOPAT in dollars rounded to 0 decimal places | ||
---|---|---|---|
Invested capital | $ enter Invested capital in dollars rounded to 0 decimal places | ||
ROI | enter the return on investment in dollars rounded to 2 decimal places % |
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