Mikon Inc. generates a net profit of $64 million from $160 million of invested capital. Calculate its return on capital
A) 4%
B) 40%
C) 16%
D) 61%
E) 24%
B
You might also like to view...
The cash account shows a balance of $45,000 before reconciliation. The bank statement does not include a deposit of $2,500 made on the last day of the month. The bank statement shows a collection by the bank of $1,200 and a customer's check for $320 was returned because it was NSF. A customer's check for $450 was recorded on the books as $540, and a check written for $69 was recorded as $96. The correct balance in the cash account was
A. $45,817 B. $45,790 C. $46,200 D. $48,317
If all of Witt's statements are true, which of the following must also be true?
A) If Robin were paid more than Jonaki, she would be motivated. B) All employees who are motivated and feel that they are paid less than employees who do the same work have received a persuasive justification. C) If Robin felt that she is being treated fairly, then she would be motivated. D) Workers who are provided with a persuasive justification for differences in pay will be motivated. E) Any employees who are not motivated and feel that they have been treated unfairly must not have received a persuasive justification.