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Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is

Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is 10% and the weighted average cost of capital is 20%. Its effective tax rate is 30%. Sales Operating income Total assets Current liabilities $7,000,000 1,400,000 1,000,000 790,000 What is the division's Return on Investment (ROI)? 700.00% 79.00% 140.00% 20.00%

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