What the company minimum rate of return was

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Reference no: EM132572072

In 2018 the Kansas City Company reported the following information:

Sales: $1,100,000

Invested Capital: $600,000

Residual income: $ 42,000

Return on investment: 22%

Current Liabilities: $ 45,000

Question 1: The company's minimum rate of return was:

Group of answer choices

Option 1: 16%

Option 2: 15%

Option 3: 14%

Option 4: 12%

Option 5: 13%

Reference no: EM132572072

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