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C. $31,068,979 D. 56.227,200 E. $19,944,960 Reset Selection Question 7 of 20 3 Points Cary Car Parts, Inc. has been provided by its lenders and
C. $31,068,979 D. 56.227,200 E. $19,944,960 Reset Selection Question 7 of 20 3 Points Cary Car Parts, Inc. has been provided by its lenders and owners with $27,000,000 to purchase assets. The most recent income statement showed Earnings Before Interest and Taxes (EBIT, or Operating income of 55,200,000, and net income of $1,820,000. Income tax is paid at a 24% combined state plus federal average annual rate. What was Return on invested Capital (ROIC) for the year? A5,23% 8.19.760% C. 14,6379 D.6.74196 E. 35.000%
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