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Exhibit 4.1 The balance sheet and income statement shown below are for Koski Ine. Note that the firm has no amortization charges, it does not

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Exhibit 4.1 The balance sheet and income statement shown below are for Koski Ine. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retir the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of 5) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity 2019 $4,200 17,500 20,300 $42,000 $28,000 $70,000 Accounts payable Accruals Notes payable Total current liabilities $27,531 12369 5,000 $44,900 $9,000 $53.900 Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $3,864 12,236 516,100 $70,000 a la tallar Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $9,000 $53,900 $3,864 12,236 $16,100 $70,000 Income Statement (Millions of $) 2019 $112,000 104,160 2,240 Net sales Operating costs except depreciation Depreciation Earnings before interest and takes (EBIT) Less interest Earnings before taxes (EBT) Taxes $5,600 840 $4,760 1,190 Net income $3,570 Other data: Shares outstanding (millions) Common dividends (millions of $) Intrate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 500.00 $1249.50 6% 25% $68.54 Refer to Exhibit 4.1. What is the firm's return on invested capital? 1904

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