and (A 93. To calculate economic value added, several adjustments are made to after tax operating profit that include taxes paid rather than tax expense; capitalization of research and development costs the use of LIFO inventory valuation; capitalization of research and development costs the use of LIFO inventory valuation; current costs of fixed assets D the use of average cost inventory valuation; current costs of fixed assets B 94. The following information pertains to Midos Company: Total assets Total current liabilities Total expenses Total liabilities Total revenues $50,000 $30,000 $60,000 $45,000 $100,000 Invested capital is defined as total assets. What is the capital turnover? A 2.00 B 1.67 0.53 0.39 95. When measuring invested capital for purposes of calculating return on investment, managers in practice predominantly use net book value at historical cost B) net book value at current cost gross book value at historical cost gross book value at replacement cost