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Use the following information for the Lowell, Inc. for this and the next seven questions. Sales $200,000 Debt 95,000 Dividends 5,000 Equity 40,000 Interest rate
Use the following information for the Lowell, Inc. for this and the next seven questions.
Sales | $200,000 |
Debt | 95,000 |
Dividends | 5,000 |
Equity | 40,000 |
Interest rate | 7% |
Net income | 16,000 |
Tax rate | 30% |
What is the companys return on invested capital (ROIC)?
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