Financial information for a recent year for Apples, Inc. is:
Cost of goods sold
Selling and administrative expenses
Income before taxes
Less: income taxes
Total assets were $104,000,000 and the non-interest-bearing current liabilities were $2,000,000. The company has a required rate of return on invested capital of 10%.
Calculate the company's return on investment.
Solution attaches a Word document showing how to find Apple's return on investment when given a range of income figures.