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CoverYourFace Company (CYFC) is a manufacturer of designer face masks and is evaluating its performance for the first half of the year. The following data
CoverYourFace Company (CYFC) is a manufacturer of designer face masks and is evaluating its performance for the first half of the year. The following data are provided:
Total assets $150,000
Total current liabilities 110,000
Total expenses 160,000
Total liabilities 115,000
Total revenues 180,000
If invested capital is defined as total assets, an ROI of 12% should be________
Group of answer choices:
rejected if the desired rate of return is less than 12%
rejected if the cost of capital is greater than 12%
accepted
rejected
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