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Question 16 (7.5 points) Use the following information to answre question 13, 14, and 15. Total assets $150,000 Total current liabilities 110,000 Total expenses 70,000
Question 16 (7.5 points) Use the following information to answre question 13, 14, and 15. Total assets $150,000 Total current liabilities 110,000 Total expenses 70,000 Total liabilities 115,000 Total revenues 80,000 Tax rate 40% After-tax cost of capital 12% Invested capital in defined as total assets less total liabilities. (round your answers to one decimal) Calculate the following (Show all your calculations) 1- Return on sales. 2- Capital turnover 3- Economic Profit
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