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Bitte Helfen
![EXERCISE 12-8. Calculating ROI [LO 2] For fiscal year 2017, LaundryMate Products had income as follows: Sales Less $55,000,000 Cost of goods sold Selling and administrative expense Interest expense 38,400,000 5,700,000 1,000,000 9,900,000 3,465,000 6,435,000 Income before taxes Less income taxes Net income 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 companys profitability.](https://d2vlcm61l7u1fs.cloudfront.net/media%2F559%2F55910830-e2ff-4cff-aad3-d6b722020e18%2FphpMPvp4k.png "Question & Answer: Bitte Helfen..... 1")
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Calculating ROI [LO 2] For fiscal year 2017, LaundryMate Products had income as follows: 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. Calculate NOPAT, invested capital, and ROI for LaundryMate Products, and comment on the company’s profitability.
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