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BEP, ROE, and ROIC Duval Manufacturing recently reported the following information Net income ROA Interest expense Accounts payable $370,000 9% $125,800 $1,000,000 and accruals Duval's
BEP, ROE, and ROIC Duval Manufacturing recently reported the following information Net income ROA Interest expense Accounts payable $370,000 9% $125,800 $1,000,000 and accruals Duval's tax rate is 30%. Duval finances with only debt and common equity, so it has no preferred stock, 40% of its total invested capital is debt, while 60% of its total invested capital is common equity. Calculate its basic earning power (BEP), its return on equity (ROE), and its return on invested capital (ROIC) Round your answers to two decimal places. BEP ROE ROIC
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