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The following information pertains to Jane Company: Total assets $60,000 Total current liabilities 30,000 Total expenses 50,000 Total liabilities 35,000 Total revenues 70,000 If invested

The following information pertains to Jane Company:

Total assets $60,000

Total current liabilities 30,000

Total expenses 50,000

Total liabilities 35,000

Total revenues 70,000

If invested capital is defined as total assets, and their cost of capital is 10%, the economic profit (residual income) is _____.

Group of answer choices

a) $20,000

b) $6,000

c) $14,000

d) $2.000

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