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Question 5 (2.5 points) The following information pertains to Robert Company: Total assets Total current liabilities Total expenses Total liabilities Total revenues $50,000 10,000 60,000
Question 5 (2.5 points) The following information pertains to Robert Company: Total assets Total current liabilities Total expenses Total liabilities Total revenues $50,000 10,000 60,000 15,000 80,000 Invested capital is defined as total assets minus total liabilities. The after-tax cost of capital is 20%. What is the return on investment? (Show your calculations)
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