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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 30% and the weighted average cost of capital is 15%. Its effective tax rate is 40%. Sales Operating income Total assets Current liabilities $6,000,000 1,800,000 1,000,000 810,000 OOOO What is the division's Return on Investment (ROI)? 30.00% 180.00% 81.00% 600.00%

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