Multiple Choice
Novella Ltd. reported a return on investment of 16%, an asset turnover of 6, and income of $190,000. On the basis of this information, the company's invested capital was
A) $1,187,500.
B) $7,125,000.
C) $1,140,000.
D) $197,917.
E) $182,400.
Correct Answer:
Verified
Correct Answer:
Verified
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