The Following Information Pertains to Timberlake Company Invested Capital Is _____ If It Is Defined as Total

question 77

Multiple Choice

The following information pertains to Timberlake Company: $\begin{array}{llll}\text { Current assets } & \$ 200,000 & \text { Current liabilities } & \$ 50,000 \\\text { Property, plant and } & &\\\text { equipment } &400,000 & \text { Long-term liabilities } & 250,000 \\\text { Construction in progress } & 50,000 & \text { Stockholders' equity } & 350,000\\\text { Total assets }&\$650,000&\text { Total assets }&\$650,000\end{array}$ Invested capital is _____ if it is defined as total assets less current liabilities.

• A)$650,000
• B)$600,000
• C)$550,000
• D)$350,000