12) The following information pertains to Saturn Company:Total assets $150,000Total current liabilities 110,000Total expenses 160,000Total liabilities 115,000Total revenues 180,000Invested capital is defined as total assets minus current liabilities. The after-tax cost of capital is 10%. What is the economic profit? A) $16,000 B) $20,000 C) $40,000 D) $50,000
13) The following information is available for Bono Company:Current assets $200,000 Current liabilities $100,000Property, plant and Long-term liabilities 200,000Equipment 350,000 Stockholders' equity 350,000Other assets 100,000Total liabilities andTotal assets $650,000stockholders' equity $650,000Invested capital is defined as total assets less current liabilities. What is invested capital?
14) The following information is available for Rory Company:Current assets $100,000 Current liabilities $75,000Property, plant and Long-term liabilities 100,000Equipment 50,000 Stockholders' equity 125,000