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Calculate NOPAT and invested capital

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Reference no: EM132930427

Question - Steering Mills is a division of Iowa Woolen Products. For the most recent year, Steering had net income of $22,400,000. Included in income was interest expense of $1,568,000. The operation's tax rate is 15 percent. Total assets of Steering Mills are $263,200,000, current liabilities are $58,240,000, and $40,320,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Steering Mills.

Reference no: EM132930427

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