Calculate invested capital for pavermills

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Reference no: EM132773213

PaverMills is a division of Iowa Woolen Products. For the most recent year, Paverhad net income of $21,600,000. Included in income was interest expense of $1,232,000. The operation's tax rate is35percent. Total assets of PaverMills are $206,800,000, current liabilities are $45,760,000, and $31,680,000of the current liabilities are noninterest bearing.

Problem 1: Calculate NOPAT, invested capital, and ROI for PaverMills. (Round ROI to 2 decimal places, e.g. 0.25.)

Reference no: EM132773213

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