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Information for ABC stores Net income $500,000 Interest expense $70,000 Tax rate 30% Total assets $4,000,000 Current liabilities $2,000,000 of which $800,000 are non-interest bearing
Information for ABC stores Net income $500,000 Interest expense $70,000 Tax rate 30% Total assets $4,000,000 Current liabilities $2,000,000 of which $800,000 are non-interest bearing ROI is:
15%
14%
16%
18%
17%
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