ROI for Apple
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Financial information for a recent year for Apples, Inc. is:
Sales
$40,000,000
Less:
Cost of goods sold
25,000,000
Selling and administrative expenses
5,000,000
Interest expense
1,000,000
Income before taxes
9,000,000
Less: income taxes
3,150,000
Net income
5,850,000
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.
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Solution Summary
Solution attaches a Word document showing how to find Apple's return on investment when given a range of income figures.
Education
- MPhil, Madurai Kamaraj University
- MCom, Annamalai University
- IATA, International Air Transport Association
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