Please no written by hand solutions EXCELEXERCISE 12-8. Calculating ROI [LO 2] For fiscal year 2017, LaundryMate Products had incomeas follows:SalesLess:Cost of goods soldSelling and administrative expenseInterest expenseIncome before taxesLess income taxesNet income$55,000,00038,400,0005,700,0001,000,0009,900,0003,465,000$ 6,435,000Total assets were $97,000,000, and noninterest-bearing current liabilities were $3,200,000. Thecompany has a required rate of return on invested capital equal to 10 percent.REQUIREDCalculate NOPAT, invested capital, and ROI for LaundryMate Products, and comment on thecompany's profitability.

Ratio analysis used identify the business performance of the company. It is used to measure…

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Please no written by hand solutions

EXCEL
EXERCISE 12-8. Calculating ROI [LO 2] For fiscal year 2017, LaundryMate Products had income
as follows:
Sales
Less:
Cost of goods sold
Selling and administrative expense
Interest expense
Income before taxes
Less income taxes
Net income
$55,000,000
38,400,000
5,700,000
1,000,000
9,900,000
3,465,000
$ 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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