Dolphin: Income Statement and Balance Sheet $ million Income statement Revenues Cost of sales Selling, general, and administrative Depreciation EBIT Interest expense Gain/(loss) on sale of assets EBT Taxes Net income Balance sheet Operating cash Excess cash and marketable securities Last year Current year 24 74 242 363 703 Last vear 1,100 (770) (165) Current vear 1,210 (871) 91 220 330 663 (182)Accounts receivable 36 121 Inventory Current assets 132 (15) 10 96 29 67 Property, plant, and equipment Equity investments 440 50 484 50 82 Total assets 1,153 1,237 303 90 182 574 Dividends 27 Accounts payable Short-term debt Accrued expenses Current liabilities 275 90 165 530 Long-term debt Common stock Retained earnings 210 100 313 210 100 353 Total liabilities and equity 1,153 1,237 Refer to the preceding income statement and balances sheet for Dolphin, Inc. to answer the following questions. Dolphin is a $600 million event promotion company that operates with a 30 percent operating tax rate 4) What is the average invested capital (IC) for Dolphin over this two year period? a) $609 b) $ 600 c) $667. d) $ 740 e) $527