South Division of Renato Enterprises Reported Net Income of $480,000

Multiple Choice

South Division of Renato Enterprises reported net income of $480,000 in March on sales of $7,900,000.If this division has no interest expense, an income tax rate of 30 percent, and reported a return on investment of 12 percent, how much is invested capital?

A) $948,000
B) $4,000,000
C) $2,800,000
D) More information is needed to determine the answer.