Multiple Choice
A firm has EBIT of $24 million and has a corporate tax rate of 25%.The firm has total debt of $40 million,and excess cash of $8 million.If the firm's book value of equity is $72 million,what is the firm's return on invested capital (ROIC) ?
A) 6%
B) 17%
C) 16%
D) 15%
E) 23%
Correct Answer:
Verified
Correct Answer:
Verified
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