For fiscal year 2018, Sipacore Department Store had net income of $6,100,000. Interest expense was...
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For fiscal year 2018, Sipacore Department Store had net income of $6,100,000. Interest expense was $2,287,500, and the companys tax rate on income was 30 percent. Total assets were $72,626,000, and noninterest-bearing current liabilities were $6,082,400. The companys cost of capital (required rate of return) is 10 percent. Calculate NOPAT, invested capital, and residual income for Sipacore Department Store. (Enter negative answers preceding either - sign, e.g. -45 or in parentheses, e.g. (45).) NOPAT $Entry field with incorrect answer now contains modified data Invested capital $Entry field with incorrect answer now contains modified data Residual income $Entry field with incorrect answer now contains modified data Comment on the companys profitability. The company appears Entry field with incorrect answer now contains modified data.
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