Business, 31.05.2020 02:58 khenalilovespandas

Carlinville Car Parts, Inc. has been provided by its lenders and owners with $46,000,000 to purchase assets. The most recent income statement showed Earnings Before Interest and Taxes (EBIT, or Operating Income) of $10,500,000, and net income of $3,950,000. Income tax was paid at a 25% average annual rate. What was Return on Invested Capital (ROIC) for the year?

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Carlinville Car Parts, Inc. has been provided by its lenders and owners with $46,000,000 to purchase...

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