### What is its return on invested capital

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Question: Herring Corporation has operating income of \$235,000 and a 40% tax rate. The firm has short-term debt of \$115,000, long-term debt of \$321,000, and common equity of \$436,000. What is its return on invested capital? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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