Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Herring Corporation has opetating income of$250,000and a25%tax rate. The firm las short-term debt of$101,000, . Long-term debt of$338,000, and common equity of$439,000. What is its retum on invested capital?
a.28.475
b.34.72×1
c.24.130
d.4271 K
e.2136%
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