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The Following Information Pertains to Gable Company: Property, Plant And \begin{array}{rrrr}
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Question 13

Multiple Choice

The following information pertains to Gable Company: Property, plant and  Currentassets $200,000 Currentliabilities $100,000 equipment 400,000 Long term liabilities 200,000 Constructioninprogress 50,000 Stockholders’equity 350,000 Total assets $650,000 Total equities $650,000\begin{array}{rrrr}\text { Currentassets } & \$ 200,000 & \text { Currentliabilities } & \$ 100,000 \\\text { equipment } & 400,000 & \text { Long term liabilities } & 200,000\\\text { Constructioninprogress } &50,000&\text { Stockholders'equity }&350,000\\\text { Total assets }&\$650,000&\text { Total equities }&\$650,000\end{array} Invested capital is if it is defined as total assets less current liabilities.


A) $650,000
B) $550,000
C) $600,000
D) $350,000

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