Question
The Pastry Division of Dream Bread has invested capital of $1,300,000. During the past year, the Pastry Division reported sales of $5,590,000 and earned $400,000
The Pastry Division of Dream Bread has invested capital of $1,300,000. During the past year, the Pastry Division reported sales of $5,590,000 and earned $400,000 of NOPAT. By how many times did revenue exceed the Pastry Division's investment?
A 13.98 times
B 3.25 times
C 4.30 times
D 23.30 times
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Financial Accounting A Business Process Approach
Authors: Jane L Reimers
2nd Edition
131473867, 978-0131473867
