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Question: Broward Manufacturing recently reoirted the following information

Net income is $615,000

ROA is 10%

Interest expense $202,950

Accounts payable and accruals $950,000

Broward's tax rate is 30% Broward's finances with only debt and common equity so it has no preferred stock 40% of its total invested capital is debt and 60% of its total invested capital is common equity. Calulate its basic earning power (BEP), its return on equity (ROE) and its return on invested capital (ROIC).

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92787422

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