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Broward Manufacturing recently reported the following information: Net Income ROA Interest Expense Accounts Payable and Accruals $615,000 12% $202,950 $950,000 Broward's tax rate is 25%.
Broward Manufacturing recently reported the following information: Net Income ROA Interest Expense Accounts Payable and Accruals $615,000 12% $202,950 $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
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