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Calculate ROIC for the year 2016. Please show all steps... Income Statements 2016 $16,104 13,688 2,416 Net sales Cost of goods sold Gross profit Expenses:

Calculate ROIC for the year 2016. Please show all steps...

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Income Statements 2016 $16,104 13,688 2,416 Net sales Cost of goods sold Gross profit Expenses: General, selling, and administrative expenses Net Interest expense Earnings before tax Tax Earnings after tax 1,610 110 696 Balance Sheets $ Assets Current assets: Cash and securities Accounts recelvable Inventories Prepaid expenses Total current assets Net fixed assets Total assets 644 2,094 1,932 4,685 295 980 2.426 50 Liabilities and Owners' Equity Current liabilities: Bank loan Accounts payable Current portion long-term debt Accrued wages Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and owners' equity 2,536 860 150 1,434 $ 4.980

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