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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 25% and the weighted average cost of capital is 5%. Its effective tax rate is 25%. Sales Operating income Total assets Current liabilities $9,000,000 1,800,000 1,500,000 820,000 What is the division's Return on Investment (ROI)? A. 54.67% OB. 20.00% OC. 120.00% OD, 600.00%

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