98) The Hooper Company has gathered the following information:
Total current liabilities200,000
a.ROI assuming invested capital is equal to total assets.
b.ROI assuming invested capital is equal to total assets minus current liabilities.
c.ROI assuming invested capital is equal to stockholders’ equity.
99) The Duncan Company provided the following information:
Cost of machine$600,000
Life in years3 yrs.
The operating income before amortization during each of the three years the machine was in use was $300,000.
a.the rate of return on the average investment for each of the three years using the net book value.