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Need some help calculating invested capital and ROI with the following information ICG's financial results for FY2018: Sales Revenue $43,000,000 Cost of Goods Sold $24,400,000
Need some help calculating invested capital and ROI with the following information
ICG's financial results for FY2018:
Sales Revenue $43,000,000
Cost of Goods Sold $24,400,000
Operating Expenses $9,600,000
Interest Expense $1,100,000
Total Expenses $35,100,000
Income before taxes $7,900,000
Income Taxes $3,160,000
Net Income $4,470,000
Total Assets $89,000,000
Total Current Liabilities $3,200,000
Non Interest-bearing Current Liabilities $700,000
Long-term debt (5% interest rate) $19,500,000
Cost of capital 6.50%
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