1. What is the amount of 'Return on Invested Capital' for Year 1 for Lowell Inc using the information in the sheet attached here?

   Lowell.pdf

   		20.77%
   		22.85%
   		19.02%
   		18.35%

INCOME STATEMENT Revenue Cost of goods sold Gross profit Depreciation Other expenses Year o 4,477 2,556 1,921 141 1,084 696 109 Year 1 4,905 2,776 2,129 165 1,183 781 303 Operating income Interest Expense Income before taxes Provision for income taxes @ 21% 587 123 478 100 Net income 464 378 Year 0 Year 0 BALANCE SHEEET ASSETS Cash and marketable securities Short-Term Investments Receivables Inventories Total Current Assets Total Fixed Assets 433 581 496 226 1,736 2,357 210 568 563 249 1,590 2,514 Total assets 4,093 4,104 LIABILITIES AND EQUITY Notes Payable Accounts payable Accruals 110 511 250 115 451 Total current liabilities Total non-current liabilities 621 1,539 816 1,446 Total liabilities 2,160 2,262 615 Common stock and additional paid-in capital Retained earnings 486 1,447 1,227 Total stockholders' equity 1,933 1,842 Total liabilities and stockholders' equity 4,093 4,104 117.68 63 Diluted no. of shares Stock price WACC Dividend & repurchases per share 99.60 76 7% 6.00 $ INCOME STATEMENT Revenue Cost of goods sold Gross profit Depreciation Other expenses Year o 4,477 2,556 1,921 141 1,084 696 109 Year 1 4,905 2,776 2,129 165 1,183 781 303 Operating income Interest Expense Income before taxes Provision for income taxes @ 21% 587 123 478 100 Net income 464 378 Year 0 Year 0 BALANCE SHEEET ASSETS Cash and marketable securities Short-Term Investments Receivables Inventories Total Current Assets Total Fixed Assets 433 581 496 226 1,736 2,357 210 568 563 249 1,590 2,514 Total assets 4,093 4,104 LIABILITIES AND EQUITY Notes Payable Accounts payable Accruals 110 511 250 115 451 Total current liabilities Total non-current liabilities 621 1,539 816 1,446 Total liabilities 2,160 2,262 615 Common stock and additional paid-in capital Retained earnings 486 1,447 1,227 Total stockholders' equity 1,933 1,842 Total liabilities and stockholders' equity 4,093 4,104 117.68 63 Diluted no. of shares Stock price WACC Dividend & repurchases per share 99.60 76 7% 6.00 $