Hi if you could explain how you got the number you got, instead of just putting the answer, that would be great! For example, instead of putting 4, please put 2+2=4. Thanks so much!!

Exercise 12-8 Calculating ROI - SEE TEXTBOOK PAGE 12-29 For fiscal year 2020, LaundryMate Products had income as follows: $ 55,000,000 Sales Less: Cost of goods sold Selling and administrative expense Interest expense Income before taxes Less income taxes Net income $ 38,400,000 5,700,000 1,000,000 45,100,000 9,900,000 1,980,000 $ 7,920,000 Other pertinent information for 2020 follows: Total assets Noninterest-bearing current liabilities Required rate of return on invested capital $ 97,000,000 3,200,000 10% Required Calculate NOPAT, invested capital, and ROI for Laundry Mate Products. Income tax rate = + = NOPAT = + [ * ( D] = Invested capital = ROI = Comment on the company's profitability