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00000 accruals are $7 million, and Yon Furniture Store has $60 million of sales and $14 million of net income. Its total assets are $220

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00000 accruals are $7 million, and Yon Furniture Store has $60 million of sales and $14 million of net income. Its total assets are $220 million Assume accounts payable are $15 million, notes payable are $5 million. The firm's capital structure consists of 27% debt and 73% common equity. The firm's interest expense is $2.76 million and its tax rate is 21%. What is the firm's ROIC? 8.17 percent 7.35 percent None of the answer options is within 0.1% of the correct answer. 8.38 percent 8.24 percent

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