Question
The South division of the Laminx Company reported net income of $420,000 in March on sales of $810,000. If this division was not charged interest
The South division of the Laminx Company reported net income of $420,000 in March on sales of $810,000. If this division was not charged interest expense and reported a return on investment of 13% the amount of invested capital must be:
| A | $159,900 | |
| B | $50,700 | |
| C | $105,300 | |
| D | $54,600 |
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Wiley CPAexcel Exam Review Focus Notes Auditing And Attestation 2022
Authors: Wiley
1st Edition
111984858X, 978-1119848585
