Problemmyg reported 7500 of operating current assets and, Ask an Expert

Accounting

Problem:

MYG reported $7,500 of operating current assets and $1,750 of operating current liabilities. Further it has $10,000 of operating long term assets and an EBIT of $3000 with a 25% tax rate.

Required:

Question: What is MYG's ROIC (return on invested capital)?

Note: Please explain comprehensively and give step by step solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91169711

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