Question 3 Give the information below: Balance Sheet as of December 31, 2019: Cash $ 25 Marketable securities 40 Accounts Receivable Inventory Equipment Buildings Land Total assets 75 125 100 200 150 $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 Cost of goods sold General, selling, and administration expenses Interest Earnings before taxes $1,595 675 420 100 400 Tax 150 Net income $245 The Return on Invested Capital ratio is closest to: 48.60% 49.50% 45.80% 47.30%