Milton-Normand Inc.obtains a return of 13.5% from total invested capital of $790.6 million.Calculate the net profit it generates.
A)$325.3 million
B)$159 million
C)$84.7 million
D)$233.5 million
E)$106.7 million

Question

Quizplus · Accepted Answer

To calculate the net profit generated from a return of 13.5% on a total invested capital of $790.6 million, you multiply the total capital by the return rate: $790.6 million * 13.5% = $106.731 million, which rounds to $106.7 million.