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Cary Industries has been provided by its lenders and owners with $42,500,000 to purchase assets. The most recent income statement showed Earnings Before Interest and
- Cary Industries has been provided by its lenders and owners with $42,500,000 to purchase assets. The most recent income statement showed Earnings Before Interest and Taxes (EBIT, or Operating Income) of $10,350,000, and net income of $3,750,000. Income tax is paid at a 26% average annual rate. What was Return on Invested Capital (ROIC) for the year?
- A.24.551%
- B.8.824%
- C.36.232%
- D.18.021%
- E.6.529%
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
