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Click here to read the eBook: Profitability Ratios BEP, ROE, AND ROIC Broward Manufacturing recently reported the following information: Net income. ROA Interest expense
Click here to read the eBook: Profitability Ratios BEP, ROE, AND ROIC Broward Manufacturing recently reported the following information: Net income. ROA Interest expense $435,000 10% $143,550 Accounts payable and accruals $950,000 Broward's tax rate is 35%. Broward finances with only debt and common equity, so it has no preferred stock. 40% of its total invested capital is debt, while 60% of its total invested capital is common equity. Calculate its basic earning power (BEP), its return on equity (ROE), and its return on invested capital (ROIC). Round your answers to two decimal places. BEP 18.69 1% ROE 16.67 % ROIC 12.15 %
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