In 2008 wishbone corporation had an operating profit of, Ask an Expert

Accounting

In 2008, Wishbone Corporation had an operating profit of $750,000 and a residual income of $300,000. If Wishbone's cost of capital is 15%, what is the amount of the invested capital? (Ignore taxes)

a. $5,000,000
b. $3,000,000
c. $2,000,000
d. $1,250,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9412875

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