Question: Problem 4e9 BEP, ROE, and ROIC Duval Manufacturing recently reported the following information Net income $530,000 ROA 7% Interest expense $190,800 Accounts payable $1,000,000 and

Problem 4e9 BEP, ROE, and ROIC Duval Manufacturing recently reported the

Problem 4e9 BEP, ROE, and ROIC Duval Manufacturing recently reported the following information Net income $530,000 ROA 7% Interest expense $190,800 Accounts payable $1,000,000 and accruals Duval?s tax rate is 40%. Duval finances with only debt and common equity, 50 it has no preferred stock. 40% 01 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

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