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Assume the Hiking Shoes division of the Simply Shoes Company had the following results last year (in thousands). Management's target rate of retum is 5%
Assume the Hiking Shoes division of the Simply Shoes Company had the following results last year (in thousands). Management's target rate of retum is 5% and the weighted average cost of capital is 10% its effective tax rate is 30% Sales Operating income Total assets Current Sablities What is the division's Return on Investment (RO $15,000,000 6,000,000 3,000,000 770,000 OA 500% O. 25.67% OC. 200% OD 40%
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