Multiple Choice
Last year, Processor Division of Mathews PC Company earned NOPAT of $200,000 on sales of $2,600,000.The division had invested capital of $1,600,000 with $62,000 of noninterest-bearing current liabilities.How much is the division's return on investment?
A) 12.5%
B) 13.0%
C) 7.7%
D) 61.5%
Correct Answer:
Verified
Correct Answer:
Verified
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