Davenport mills is a division of iowa woolen products

Assignment Help Financial Accounting

Reference no: EM13954841

Davenport Mills is a division of Iowa Woolen Products, Inc. For the most recent year, Davenport had net income of $19,900,000. Included in income was interest expense of $1,430,000. The operation’s tax rate is 40 percent. Total assets of Davenport Mills are $231,000,000, current liabilities are $52,800,000, and $36,000,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Davenport Mills. (Round ROI to 2 decimal places, e.g. 15.25%.)

Reference no: EM13954841

Questions Cloud

The firm social responsibility in addition to demonstratin : The _____ approach of going green is a good example of the firm's social responsibility in addition to demonstrating the highest degree of environmental sensitivity.

Problem regarding the national retail chain : On April 3, Kountry Repair Service accepted the seller's counteroffer of $230,000. On September 15, the land was assessed at a value of $185,000 for property tax purposes. On January 9 of the next year, Kountry Repair Service was offered $300,000 ..

Katherine’s department store had net income : Katherine’s Department Store had net income of $6,028,000. Interest expense was $2,260,500, and the company’s tax rate on income was 30 percent

Summary of the receipts and issues of material : The following is the summary of the receipts and issues of material in a factory during December 2007. Prepare Store Ledger according to First in First Out Method. December 2007 1. Opening balance 500 units @ Rs.25 per unit 3. Issue 70 units 4. Is..

Davenport mills is a division of iowa woolen products : Davenport Mills is a division of Iowa Woolen Products, Inc. For the most recent year, Davenport had net income of $19,900,000. Included in income was interest expense of $1,430,000.

Benefits of a large and diverse investment portfolio : The Nebraska Institute of Science (NIS) pools all of its endowment funds so that it can obtain the benefits of a large and diverse investment portfolio. The institute recently acquired a commercial office building as an investment property. What woul..

Probability that this book received unfavorable review : What is the probability that a randomly selected published textbook receive favorable review?

Difference between resources used and resources supplied : manufactures two types of shoes Compute unused capacity for these items difference between resources used and resources supplied

How much must she pay to retire the mortgage : A borrower took out a 30-year fixed-rate mortgage of $2,250,000 at a 6.2% annual rate with monthly payments. After five years, she wishes to pay off the remaining balance. Interest rates have by then fallen to 4.0%. How much must she pay to retire th..

User Account

All Pages