Calculate invested capital for ceradyne mills

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Ceradyne Mills is a division of Iowa Woolen Products. For the most recent year, Ceradyne had net income of $20,400,000. Included in income was interest expense of $1,148,000. The operation's tax rate is 15 percent. Total assets of Ceradyne Mills are $192,700,000, current liabilities are $42,640,000, and $29,520,000 of the current liabilities are noninterest bearing.

Problem 1: Calculate NOPAT, invested capital, and ROI for Ceradyne Mills.

Reference no: EM132856831

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