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ABC had Net Operating Profit (before taxes and interest expense) of $1,000 MM; interest expense of $200 MM, a tax rate of 25%, and beginning
ABC had Net Operating Profit (before taxes and interest expense) of $1,000 MM; interest expense of $200 MM, a tax rate of 25%, and beginning of year long term operating assets of $4,000 MM; net working capital of $1,0000; and long term debt of $2,000. What was ABC's Return on Invested Capital for the year?
33.3% | ||
20% | ||
15% | ||
25% |
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