(Answered) Question - the following information pertains to robert

Accounting

Question - The following information pertains to Robert Company:

Total assets $50,000

Total current liabilities 10,000

Total expenses 60,000

Total liabilities 15,000

Total revenues 80,000

If invested capital is defined as total assets minus current liabilities, the economic profit (residual income) at an imputed interest rate of 20% is _____.

A. $12,000

B. $20,000

C. $4,000

D. $2,600

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