Calculate the return on investment capital (ROIC) for Laughlin, Inc. ($ in millions) Don't factor tax rate

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EBIT $97.5

Net Debt $230

Shareholders Equity $420

Accounts Payable $30

Accounts Receivable $42

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Financial Accounting and Reporting

ISBN: 978-0273744443

14th Edition

Authors: Barry Elliott, Jamie Elliott

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Posted Date: Mar 27, 2023 12:03 AM

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Calculate the return on investment capital (ROIC) for Laughlin, Inc. ($ in millions) Don't factor tax rate

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To calculate ROIC we need to first calculate the invested capital of the company which is the tota... View the full answer

Financial Accounting and Reporting

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