Question
Duluth Holdings Inc. had the following data for the most recent year: Net income = $29,158; Earnings before interest and taxes (EBIT) = S42.204: Total
Duluth Holdings Inc. had the following data for the most recent year: Net income = $29,158; Earnings before interest and taxes (EBIT) = S42.204: Total assets = S515.500; Short-term investments = $155: Stockholders' equity = $225.870; Total debt = $693; tax rate = 25.2%; and Total operating capital = $24,331. What was its return on invested capital (ROIC)?
43.81%
89.64%
125.38%
129.75%
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International Finance Theory And Policy
Authors: Paul Krugman, Maurice Obstfeld, Marc Melitz
12th Global Edition
1292417005, 978-1292417004
