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For the fiscal year ending January 31, 2012, Target's EBIT was $5,322 million, and its tax rate was 34.3 percent. Its short-term borrowings were $3,786 million, and its long-term debt was $13,697 million. In addition, the firm's book value of equity was $15,821 million.
Question 1: Estimate Target's return on invested capital or ROIC
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Assessment Title - Australian financial reporting regulations: A Critical Review. Identify and discuss the current regulatory framework or regulations
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