Question
27.) A firm has an average investment of $14,000 during the year. During the same period, the firm generates after-tax income of $1,000. If the
27.)
A firm has an average investment of $14,000 during the year. During the same period, the firm generates after-tax income of $1,000. If the cost of capital is 15 percent, what is the net return on the investment?
| 8.4 percent | ||
| 7.86 percent | ||
| -5.91 percent | ||
| 6.67 percent | ||
| -7.86 percent |
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Personal Finance
Authors: Vickie L Bajtelsmit
1st Edition
0470905158, 9780470905159
