Calculate its basic earning power-return on invested capital

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Reference no: EM131819874

Duval Manufacturing recently reported the following information Net income $265,000 ROA 11% Interest expense $100,700 Accounts payable and accruals $950,000 Duval's tax rate is 30%. Duval finances with only debt and common equity, so it has no preferred stock. 40% of its total invested capital is debt, while 60% of its total invested capital is common equity. Calculate its basic earning power (BEP), its return on equity (ROE), and its return on invested capital (ROIC) Round your answers to two decimal places.

Reference no: EM131819874

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