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Walla Walla Mills is a division of Iowa Woolen Products. For the most recent year, Walla Walla had net income of $20,700,000. Included in income
Walla Walla Mills is a division of Iowa Woolen Products. For the most recent year, Walla Walla had net income of $20,700,000. Included in income was interest expense of $1,500,000. The operation's tax rate is 40 percent. Total assets of Walla Walla Mills are $237,000,000, current liabilities are $51,500,000, and $36,000,000 of the current liabilities are noninterest bearing.
Calculate NOPAT, invested capital, and ROI for Walla Walla Mills.(Round ROI to 2 decimal places, e.g. 15.25%.)
NOPAT$
Invested capital$
ROI
%
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