Nextime Ltd. has operating profits (EBIT) of $87 million, a tax rate of 35 percent, net working
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Nextime Ltd. has operating profits (EBIT) of $87 million, a tax rate of 35 percent, net working capital of $129 million, and fixed assets of $285 million. Calculate Nextime's return on invested capital, or ROIC. Then describe three methods by which a firm can increase its ROIC.
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ROIC EBIT x 1 tax rate net working capital fixed assets EBIT 87 milli...View the full answer
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Related Book For
Financial Management Concepts and Applications
ISBN: 978-0132936644
1st edition
Authors: Stephen Foerster
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