Question
Give the information below: Balance Sheet as of December 31, 2019: Cash $ 25 Marketable securities 40 Accounts Receivable 75 Inventory 125 Equipment 100 Buildings
Give the information below: Balance Sheet as of December 31, 2019: Cash $ 25 Marketable securities 40 Accounts Receivable 75 Inventory 125 Equipment 100 Buildings 200 Land 150 Total assets $715 Accounts payable $75 Wages payable (i.e. Accruals) 15 Short-term notes payable 25 Long-term debt 100 Common stock 200 Retained earnings 300 Total liabilities and equity $ 715 Income Statement December 31, 2019: Sales $1,595 Cost of goods sold 675 General, selling, and administration expenses 420 Interest 100 Earnings before taxes 400 Tax 150 Net income $245 The Return on Invested Capital ratio is closest to Group of answer choices 49.50% 45.80% 48.60% 47.30%
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