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What is the firm roic

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Point 1: Rex-All Movie Productions Inc. produces movies featuring alien action heroes. The firm has a tax rate of 30% (Federal and State combined), an EBIT of $650,000, net working capital of $95,000, fixed assets of $1,620,000, and current liabilities of $320,000, and no long term liabilities. With no long-term debt the firm had no interest expense for the year.

Question 1: What is the firm's ROIC? NOTE: This may be the first time you've seen ROIC or Return on Invested Capital. No worries, use the simplified formula: ROIC = Net Income/(Total Long Term Debt + Total Equity).

Reference no: EM132482834

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