D is corrent. One way of calculating ROI is net income divided by invested capital (equity). The return on investment would be computed as follows: ROI = 28% = $78,400 / $280,000.
A is incorrect because ROI is calculated by dividing net income by invested capital.
A is incorrect because ROI is calculated by dividing net income by invested capital.
A is incorrect because ROI is calculated by dividing net income by invested capital.
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