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Don't have to show work Use this information to answer Questions 4 & 5 Suppose you estimate the Return on Invested Capital at a firm

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Use this information to answer Questions 4 & 5 Suppose you estimate the Return on Invested Capital at a firm you are studying is approximately 18% this year. The Turnover on Invested Capital is 1.5x and the Cash Tax Rate (CTR) - 18% If Sales this year are $5 Million, approximately what is NOPBT? 0 $732.000 O $600.000 O $576,000 0 $495.000 If the firm's average tax rate is 25%, which of the following is MOST true? The firm's Deferred Tax Liability got smaller during the year The firm's Deferred Tax Liability got larger during the year The firm's Defereed Tax Liability did not change during the year We can't make any assumptions about the firm's Deferred Tax Liability during the year

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