The following is available for Golden Corporation for 2019: Sales 2,000,000 Average invested capital (assets) 500,000 Net income 300,000 Cost of capital 18% What is the return on investment for Golden Corp.? 1. 15% 2. 18% 3. 33% 4. 60% 1 3. 4-

The following is available for Golden Corporation for 2019: Sales 2,000,000 Average invested capital (assets) 500,000 Net income 300,000 Cost of capital 18% What is the return on investment for Golden Corp.? 1. 15% 2. 18% 3. 33% 4. 60% 1 3. 4-

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

• The following is available for Golden Corporation for 2019:
Sales
2,000,000
Average invested capital (assets)
500,000
Net income
300,000
Cost of capital
18%
What is the return on investment for Golden Corp.?
1. 15%
2. 18%
3.33%
4. 60%
O 1
O 2
3.
4

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