1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ilya [14]
4 years ago
13

Herring Corporation has operating income of $265,000 and a 25% tax rate. The firm has short-term debt of $110,000, long-term deb

t of $349,000, and common equity of $459,000. What is its return on invested capital?
Business
1 answer:
MAVERICK [17]4 years ago
3 0

Answer:

21 %

Explanation:

Return on invested capital is one of the profitability ratios.  It measures the returns investors get from their capital investments. ROIC shows efficiency in the use of capital.

the formula is as follows

ROI =( Net income - Dividends ) / ( Debt + Equity )

in this case:

Income = 265,000

debts 110,000 + 349,000= 459,000

equity = 459,000

Net income = 265,000 -(25% x 265,000)

265,000- 66,250= 198,750

ROIC = 198,750/459,000+459,000

=198,000/918,000 x 100

=21 %

You might be interested in
Which form of promotion is most suitable to promote complex and technical products such as automobiles, computers, and investmen
TEA [102]

The form of promotion that would work for technical products like automobiles is b. Informative promotion.

<h3>What is informative promotion?</h3>

This is where features of the good being advertised are elaborated on to ensure the viewer understands the product's functionality.

This is useful for technical products like computers and cars as there is a need for customers to know what makes them better.

Options for this question include:

a. Persuasive promotion

b. Informative promotion

c. Connective promotion

d. Reminder promotion

Find out more on types of promotion at brainly.com/question/11131986

#SPJ1

6 0
2 years ago
In the last ________, there has been rapid improvement in the spread of technology to peripheral and semi-peripheral nations, an
12345 [234]

Answer:

two decades

Explanation:

The World Bank suggested technological progress and economic growth rates were contained in their 2008 report which further recognizes that the rural and low-technology products such as corn can gain from the different technological innovations that are happening while mobile banking can aid those that require low technology market vending. All these are the outcome of Technological globalization.

8 0
3 years ago
Read 2 more answers
Lead-time refers to: Group of answer choices The period of time during which a firm is the leader of an industry The period of t
Lady_Fox [76]

Answer: None of the above

Explanation:

Lead time is the amount of time which passes from start of a process till the conclusion of the process. Companies review the lead time in supply chain management, manufacturing and project management during the pre-processing, processing, and the post-processing stages.

Lead time plays a vital an role in demand forecast and has a direct impact on the satisfaction of customers.

4 0
3 years ago
A budget based on several different levels of activity, often including both a best-case and worst-case scenario, is called a:
Kaylis [27]

Answer:

Flexible budget.

Explanation:

7 0
3 years ago
Read 2 more answers
Whenever there are supply-side market failures in the form of costs that suppliers do not have to shoulder, then there will be o
Brums [2.3K]

Answer:

The correct answer is True.

Explanation:

Externalities are caused when the production or consumption of a good or service has a cascading effect that is not purely reflected in its price and therefore there is no appropriate compensation to be paid for it. If the price does not include the true costs of the good or service there will be a market failure. Importantly, externalities can be positive or negative. To prevent refusals, governments must add certain taxes to assets to cover their social cost.

7 0
3 years ago
Other questions:
  • Any time two or more paths of a network come together, the probability of both paths being on time is the product of the probabi
    12·1 answer
  • Rhonda has an adjusted basis and an at-risk amount of $23,600 in a passive activity at the beginning of the year. She also has a
    10·1 answer
  • If beginning and ending work in process inventories are $5,000 and $15,000, respectively, and cost of goods manufactured is $170
    8·1 answer
  • State licensing laws prescribe behavioral requirements with which licensees must comply to keep their licenses. Licensing laws g
    6·1 answer
  • Although the merger between Gray Enterprises and Horack Manufacturing is expected to be a​ "win-win" that will increase both​ co
    14·1 answer
  • A pharmaceutical company was the first company to introduce a revolutionary treatment for rheumatoid arthritis. Sales and demand
    11·1 answer
  • How do I write a resume with absolutely no work experience?
    9·1 answer
  • A factory machine was purchased for $125,000 on January 1, 2012. It was estimated that it would have a $25,000 salvage value at
    14·1 answer
  • An audience's assessment of a business communication message is largely based on the author's Multiple choice question. reaction
    15·1 answer
  • one of the monetary policy goals of the federal reserve is lower budget deficits. group of answer choices true false
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!