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johnpaech johnpaech
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6 years ago
Luther Corporation's stock price is $39 per share and the company has 20 million shares outstanding.  Its excess cash in 2009 is $23.4.  If EBIT is 41.2 and tax rate is 35%, its Return on Invested Capital in 2009 is closest to:
A) 0.104
B) 0.064
C) 0.038
D) 0.068
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
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deusmarotodeusmaroto
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6 years ago
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johnpaech Author
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#2
5 years ago
Thanks for helping with my corporate finance course
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