Question
1.Below are the historical data for ShipCo, a manufacturer of ships. Based on the data, how has ShipCo performed over the past five years? What
1.Below are the historical data for ShipCo, a manufacturer of ships. Based on the data, how has ShipCo performed over the past five years? What is its ROIC for years 2 to 5 (using average invested capital)? What is its operating margin? What is its capital turnover? Is it creating more or less value over time? Assume an operating tax rate of 30 percent and cost of capital of 9 percent.
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Forensic And Investigative Accounting
Authors: G. Stevenson Smith D. Larry Crumbley, Edmund D. Fenton
10th Edition
0808056301, 9780808056300
