Question
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?15%
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?15% and the weighted average cost of capital is? 10%. Its effective tax rate is? 25%.
| Sales | ?$14,000,000 |
| Operating income | ?5,600,000 |
| Total assets | ?4,000,000 |
| Current liabilities | ?750,000 |
What is the? division's sales? margin?
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IT Auditing And Application Controls For Small And Mid Sized Enterprises Revenue Expenditure Inventory Payroll And More
Authors: Jason Wood, William Brown, Harry Howe
1st Edition
1118072618, 9781118072615
