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Question 6 Runner Mills is a division of Iowa Woolen Products. For the most recent...

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Question 6 Runner Mills is a division of Iowa Woolen Products. For the most recent year, Runner had net income of $20,600,000. Included in income was interest expense of $1,490,000. The operation's tax rate is 40 percent. Total assets of Runner Mills are $236,000,000, current liabilities are $52,000,000, and $35,000,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Runner Mills. (Round ROI to 2 decimal places, e.g. 15.25%.) NOPAT Invested capital ROI %

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