The following information pertains to Des Moines Company: $ \begin{array}{llll}\text { Current assets } & \$ 100,000 & \text { Current liabilities } & \$ 175,000\
\text { Property, plant and } \\
\text { equipment } & 150,000 & \text { Long-term liabilities } & 100,000 \
\text { Construction in progress } & 50,000 & \text { Stockholders' equity } & 25,000\
\text { Total assets }&\$300,000&\text { Total assets }&\$300,000
\end{array} $ Invested capital is _____ if it is defined as total assets less current liabilities.
A)$300,000
B)$250,000
C)$125,000
D)$100,000

Question

The following information pertains to Des Moines Company: $ \begin{array}{llll}\text { Current assets } & \$ 100,000 & \text { Current liabilities } & \$ 175,000\
\text { Property, plant and } \\
\text { equipment } & 150,000 & \text { Long-term liabilities } & 100,000 \
\text { Construction in progress } & 50,000 & \text { Stockholders' equity } & 25,000\
\text { Total assets }&\$300,000&\text { Total assets }&\$300,000
\end{array} $  Invested capital is _____ if it is defined as total assets less current liabilities.
A)$300,000
B)$250,000
C)$125,000
D)$100,000

Quizplus · Accepted Answer

The Answer of The following information pertains to Des Moines Company: $ \begin{array}{llll}\text { Current assets } & \$ 100,000 & \text { Current liabilities } & \$ 175,000\
\text { Property, plant and } \\
\text { equipment } & 150,000 & \text { Long-term liabilities } & 100,000 \
\text { Construction in progress } & 50,000 & \text { Stockholders' equity } & 25,000\
\text { Total assets }&\$300,000&\text { Total assets }&\$300,000
\end{array} $  Invested capital is _____ if it is defined as total assets less current liabilities.
A)$300,000
B)$250,000
C)$125,000
D)$100,000

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