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Income tax is paid at a 26 average annual rate what was

Cary Industries has been provided by its lenders and owners with $42,500,000 to purchase assets. The most recent income statement showed Earnings Before Interest and Taxes (EBIT, or Operating Income) of $10,350,000, and net income of $3,750,000. Income tax is paid at a 26% average annual rate. What was Return on Invested Capital (ROIC) for the year?

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Finance Basics: Income tax is paid at a 26 average annual rate what was

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