Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Financial accounting question

Transcribed Image Text:ComTech Corporation has an EBIT of $1,500,000, 35% debt in
their capital structure, and total capital of $18,000,000. Their tax
rate is 30%. What is their Return on Capital Employed (ROCE)?
a. 10.56%
b. 8.33%
c. 5.28%
d. 7.85%
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