Question
The following information pertains to BalticCompany: Total assets $400,000 Total current liabilities 80,000 Total expenses 480,000 Total liabilities 120,000 Total revenues 640,000 If invested capital
The following information pertains to BalticCompany:
Total assets
$400,000
Total current liabilities
80,000
Total expenses
480,000
Total liabilities
120,000
Total revenues
640,000
If invested capital is defined asstockholders' equity, the return on investment is
A. 229 percent.
B.175 percent.
C.44 percent.
D.57 percent.
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Accounting
Authors: Peter J Eisen
6th Edition
143800138X, 978-1438001388
