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8. For the most recent year, Robin Company reports operating income of $670,000.00. Robin's sales margin is 7%, and capital turnover is 2. What is
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For the most recent year, Robin Company reports operating income of $670,000.00. Robin's sales margin is 7%, and capital turnover is 2. What is Robin's return on investment (ROI)? O A. 2% OB. 4% O C. 14% OD. 7% The Pasta Division of Whole Grain Corporation had sales of $8,500,000 and operating income of $2,295,000 last year. The total assets of the Pasta Division were $4,465,000, while current liabilities were $310,000. Whole Grain Corporation's target rate of return is 15%, while its weighted average cost of capital is 10%. The effective tax rate for the company is 25%. What is the Pasta Division's sales margin? O A. 25.00% OB. 27.00% OC. 51.40% OD. 3.65%Step by Step Solution
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