Question
In 2021, Alex Morgan LLC had the following: Earnings Before Interest & Taxes 100,000 Effective Tax Rate 13% Increase in Net Working Capital 1,000 Depreciation
In 2021, Alex Morgan LLC had the following:
Earnings Before Interest & Taxes 100,000
Effective Tax Rate 13%
Increase in Net Working Capital 1,000
Depreciation 10,000
Capital Expenditures 75,000
Assuming you are an Analyst calculating ROIC using FCFF as your measure of economic income, and you calculate ROIC to be 12.50%, then what was Morgan's Average Invested Capital?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
