The South division of the Laminx Company reported net income of $420,000 in March on sales of
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 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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If we Calculate such as 420000x 13 54 600 Which is option D but if 420000 is the inves...View the full answer
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Related Book For 
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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