Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

know the answers but I would like to see the steps and where the numbers are coming from, from the financial statement. Thank you very

know the answers but I would like to see the steps and where the numbers are coming from, from the financial statement.
Thank you very much.
image text in transcribed
image text in transcribed
Instructions Go to the SEC.gov and locate Biogen's annual report(10-k) for the fiscal year ending 12-31-2019. Using the set of recent financials reported in the filing, please answer the following questions. Accounting returns (i.e., return on equity (ROE) and return on capital (ROC or ROIC)) are computed as a measure of income over a measure of book value. Return on invested capital is EBIT" (1-Tax rate)/(Book Value of Debt+Book Value of Equity-Cash). Compute Biogen's ROIC using cash\&equivalents + short term marketable securities as a measure of cash, and interest bearing debt as a measure of debt. Tax rate is 16.25%. Equity and EBIT can be found on the balance sheet and income statement, respectively. 38.7 34.6 30.1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions