Multiple Choice
Herring Corporation has operating income of $225,000 and a 40% tax rate.The firm has short-term debt of $120,000,long-term debt of $330,000,and common equity of $450,000.What is its return on invested capital?
A) 13.75%
B) 14.33%
C) 15.00%
D) 16.25%
E) 17.10%
Correct Answer:
Verified
Correct Answer:
Verified
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