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is my answer right? how do you know It is December 2020 and you are examining the financial statements of Stark Industries (see below). You

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is my answer right? how do you know
It is December 2020 and you are examining the financial statements of Stark Industries (see below). You know that the company has 5 milion shares outstanding and a current share price of $16. You also know that all of its cash is excess cash and that it has a marginal tax rate of 25% What is the return on invested capital (ROIC) of Stark Industries for 2020? Select the best answer Assets Cash & Short-Term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets Balance Sheet (in S-millions) 2020 Liabilities $10.00 Accounts Payable $30 00 Short-Term Debt $15.00 Current Maturities of Long-Term Debt $400 Other Current Liabilities $59.00 Total Current Liabilities 2020 $10.00 $5.00 $15.00 $9.00 $39.00 Property. Plant & Equipment $150.00 Long-Term Debt Less Accumulated Depreciation 1540.00 Capital Lease Obligations Net Property. Plant & Equipment $110.00 Total Debt 590.00 50.00 $90.00 1512.00) $22.00 Goodwill & Intangible Assets Other tong-Term Assets $18.00 Deferred Taxes $23.00 Other Long-Term Liabilities Total Liabilities $139.00 Shareholders' Equity $71.00 $210.00 Total Liabilities and Shareholders' Equity $210.00 Total Assets Income Statement for 2020 (in S-millions) Revenues $250,00 Cost of Goods Sold ($200.00) Gross Profit $50.00 SG&A Expenses Research and Development Depreciation & Amortization Operating Income ($7.00) ($5.00) ($15.00) $23.00 Other income EBIT $3.00 $26.00 Interest Expense Pretax income ($4.95) $21.05 Income Tax Net Income $5.26) $15.79 OI 7.52% O II. 9.75% III. 9.29% O IV. 10.77% O v. 22.24%

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