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.

Reference no: EM132235005

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