Cash 77,500. Receivables 336,000 Inventories 241500 = Total current assets 655,000 + Net fixed assets 292,500 = TA 947,500

Accounts payable $ 129,000 Other current Liabilities $ 117,000 Notes Payable to bank 84,000 = Total C.Liabilities 330,000 Long term Liab. 256,500 Common equity 361,000 TOTAL LIABILITY AND EQUITY 947,500

Calculate ROIC: show your work. explain

Tax 40%

Sales 1,607,500

EBIT = 70000 (you will need this, right?)

Interest expense 24,500

Net income 27,300

ROIC = EBIT (1-T) / total invested capital.