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The Following Information Is Available for the Leno Company  Sales $1,000,000 Invested capital 312,500 ROI 10%\begin{array}{ll}\text { Sales } & \$ 1,000,000 \\\text { Invested capital } & 312,500 \\\text { ROI } & 10 \%\end{array}

Question 57

Multiple Choice

The following information is available for the Leno Company:  Sales $1,000,000 Invested capital 312,500 ROI 10%\begin{array}{ll}\text { Sales } & \$ 1,000,000 \\\text { Invested capital } & 312,500 \\\text { ROI } & 10 \%\end{array} The net income is:


A) $31,250
B) $312,500
C) $100,000
D) $687,500

Correct Answer:

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