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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

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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 5% and the weighted average cost of capital is 20% its effective tax rate is 35% Sales $6,000,000 Operating income 2.400,000 Total assets 2,500,000 Current liabilities 780,000 What is the division's Return on Investment (ROI)? A 40.00% B. 96.00% C 240.00% OD 3120%

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