Question
Tri Town Mills is a division of Iowa Woolen Products. For the most recent year, Tri Town had net income of $19,200,000. Included in income
Tri Town Mills is a division of Iowa Woolen Products. For the most recent year, Tri Town had net income of $19,200,000. Included in income was interest expense of $1,344,000. The operations tax rate is 30 percent. Total assets of Tri Town Mills are $225,600,000, current liabilities are $49,920,000, and $34,560,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Tri Town Mills. (Round ROI to 2 decimal places, e.g. 0.25.)
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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