For fiscal year 2014, LaundryMate Products had income as follows: Sales ...........................................................$55,000,000 Less: Cost of goods sold

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For fiscal year 2014, LaundryMate Products had income as follows:

Sales ...........................................................$55,000,000

Less:

Cost of goods sold .......................................... 38,400,000

Selling and administrative expense ....................... 5,700,000

Interest expense ............................................. 1,000,000

Income before taxes ........................................ 9,900,000

Less income taxes .......................................... 3,465,000

Net income .................................................$ 6,435,000

Total assets were $97,000,000, and noninterest-bearing current liabilities were $3,200,000.The company has a required rate of return on invested capital equal to 10 percent.

Required

Calculate NOPAT, invested capital, and ROI for LaundryMate Products, and comment on the company's profitability.

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