The Business Firm of Tinker,Evers and Chance Had a Level

question 286

Short Answer

The business firm of Tinker,Evers and Chance had a level of inventory of $60 million on January 1,1908,and ended up the year with an inventory of $70 million on December 31,1908.The company's expenditures on new plant and equipment for the year was $120 million,while its depreciation on the plant and equipment was $90 million.
-How much was the firm's gross investment?

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