For fiscal year 2020, 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.............................................1,980,000 

Net income.......................................................$ 7,920,000 

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 and a tax rate of 20 percent.

Required 

Calculate NOPAT, invested capital, and ROI for LaundryMate Products, and comment on the company’s profitability. For ROI, round to two decimal places.