Question

Davenport Mills is a division of Iowa Woolen Products, Inc. For the most recent year, Davenport had net income of $18,000,000. Included in income was interest expense of $1,500,000. The operation’s tax rate is 4.0 percent. Total assets of Davenport Mills are $233,000,000, current liabilities are $50,000,000, and $35,000,000 of the current liabilities are noninterest bearing.

Required
Calculate NOPAT, invested capital, and ROI for Davenport Mills.



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  • CreatedSeptember 23, 2013
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