Determine Estimate Target return on invested capital or ROIC

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For the fiscal year ending Januar 31, 2012, Target's EBIT was $5,322, and its tax rate was 34.3 percent. Its short-term borrowings were $3,786, and its long-term debt was $13,697. In addition, the firm's book value of equity was $15,821.

Question 1: Estimate Target's return on invested capital or ROIC.

Question 2: Compare it with Walmart's. Are you surprised at the difference?

Reference no: EM132467726

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