The Jersey Division of Yankee Products has invested capital of $1,400,000. This division incurred $80,000 in interest expense and $140,000 in income tax expense in 2014. If this division reported a return on investment of 14 percent, how much is net operating profit after taxes?
A) $416,000
B) $196,000
C) $116,000
D) $276,000
Correct Answer:
Verified
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