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Sonova Corporation has an operating income (EBIT) of $205,000 and a 40% tax rate. The...

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Accounting

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Sonova Corporation has an operating income (EBIT) of $205,000 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 (ROIC)? Your answer should be between 9.20 and 2142, rounded to 2 decimal places, with no special characters

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