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Calculate the amount of invested capital

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Reference no: EM132824632

Question - Consider the following: Sales $4,500,000

Cost of goods sold $2,500,000

Operating expenses $1,200,000

Operating income $800,000

The residual income is $100,000. The minimum acceptable return is 14%. Calculate the amount of invested capital?

a) $6,000,000

b) $8,000,000

c) $5,000,000

d) $9,000,000

Reference no: EM132824632

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