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

Question 137

Multiple Choice

The following information pertains to Gable Company:  Current assets $100,000 Current liabilities $75,000 Property, plant and  equipment 150,000 Long-term liabilities 100,000 Construction in progress 50,000 Stockholders’ equity 125,000 Total assets $300,000 Total assets $300,000 \begin{array}{llll}\text { Current assets } & \$ 100,000 & \text { Current liabilities } & \$ 75,000\\\text { Property, plant and } \\\\\text { equipment } & 150,000 & \text { Long-term liabilities } & 100,000 \\\text { Construction in progress } & 50,000 & \text { Stockholders' equity } & 125,000\\\text { Total assets }&\$300,000&\text { Total assets }&\$300,000\end{array} Invested capital is _____ if it is defined as total assets.


A) $300,000
B) $250,000
C) $225,000
D) $100,000

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