Question
Broward Manufacturing recently reported the following information: Net Income $615,000 ROA 12% Interest Expense $202,950 Accounts Payable and Accruals $950,000 Broward's tax rate is 25%.
Broward Manufacturing recently reported the following information:
| Net Income | $615,000 |
| ROA | 12% |
| Interest Expense | $202,950 |
| Accounts Payable and Accruals | $950,000 |
Broward's tax rate is 25%. Its invested capital consists of 45% debt and 55% equity. Calculate Broward's ROIC. Round the final answer to 2 decimal places. Enter the number in percentage format without the % sign. For example, if your answer is .25, enter your answer as 25 with no % sign. To be marked correct, the answer provided needs to be +/- 0.1 from the actual answer.
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Small Brewery Finance
Authors: Maria Pearman
1st Edition
1938469526, 978-1938469527
