Simon Corporation Reported a Return on Investment of 15%, a Capital

question 1

Multiple Choice

Simon Corporation reported a return on investment of 15%, a capital turnover of 10, and income of $200,000. On the basis of this information, the company's invested capital was:

• A)$20,000.
• B)$200,000.
• C)$1,333,333.
• D)$2,000,000.
• E)$13,333,333.