In 2021, Alex Morgan LLC had the following: Earnings Before Interest & Taxes 100,000 Effective Tax Rate

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In 2021, Alex Morgan LLC had the following:

Earnings Before Interest & Taxes 100,000

Effective Tax Rate 13%

Increase in Net Working Capital 1,000

Depreciation 10,000

Capital Expenditures 75,000

Assuming you are an Analyst calculating ROIC using FCFF as your measure of economic income, and you calculate ROIC to be 12.50%, then what was Morgan's Average Invested Capital?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: May 06, 2024 06:46 AM

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In 2021, Alex Morgan LLC had the following: Earnings Before Interest & Taxes 100,000 Effective Tax Rate

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To calculate Average Invested Capital using Return on Invested Capital ROIC and Free Cash Flow to th... View the full answer

Income Tax Fundamentals 2013

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