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Assume the Cell Phone Division of the First Electronics Corporation had the following results last year. Management's target rate of return is 17%. Sales Operating

Assume the Cell Phone Division of the First Electronics Corporation had the following results last year. Management's target rate of return is 17%. Sales Operating income Total assets Current liabilities $160,000,000 9,000,000 15,000,000 5,500,000 What is the First Electronics Corporation cell phone division's Return on Investment (ROI)? 1) 60% 2) 15% 3) 30% 4) 9%

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