Question
View Policies Current Attempt in Progress For fiscal year 2020, Dynatech Products had income as follows: Sales Less: $55,500,000 Cost of goods sold 38,000,000
View Policies Current Attempt in Progress For fiscal year 2020, Dynatech Products had income as follows: Sales Less: $55,500,000 Cost of goods sold 38,000,000 Selling and administrative expense 5,740,000 Interest expense 1,000,000 Income before taxes 10,760,000 Less income taxes Net income 2,690,000 $8,070,000 Total assets were $95,000,000, and noninterest-bearing current liabilities were $3,300,000. The company has a required rate of return on invested capital equal to 11 percent and a tax rate of 25 percent. Calculate NOPAT, invested capital, and ROI for Dynatech Products. (Round ROI to 2 decimal places, eg. 0.25) NOPAT Invested capital ROI $ Comment on the company's profitability. The company performing well.
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