Multiple Choice
Use the following information for the next 4 questions.
Teresa's Taco Co. had the following results during the most recent year: Sales $500,000; Residual income $5,000; investment turnover 2.5; and a required rate of return of 15%.
-The capital investment was
A) $1,250,000
B) $75,000
C) $170,000
D) $200,000
Correct Answer:
Verified
Correct Answer:
Verified
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