Business, 23.12.2019 17:31 Fireburntbudder
Herring corporation has operating income of $270,000 and a 40% tax rate. the firm has short-term debt of $119,000, long-term debt of $316,000, and common equity of $435,000. what is its return on invested capital? a. 17.37% b. 17.95% c. 18.62% d. 19.87% e. 20.72%
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Herring corporation has operating income of $270,000 and a 40% tax rate. the firm has short-term deb...
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