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Assume the Hiking Shoes division of the Simply Shoes Company had the following results Sales Operating income Total assets $13,000,000 2,000,000 2,500,000 n thousands) Management's
Assume the Hiking Shoes division of the Simply Shoes Company had the following results Sales Operating income Total assets $13,000,000 2,000,000 2,500,000 n thousands) Management's target rate of return is 25% and the weighted average cost of capital is 10% effective rate is 405 Current Sabilities What is the division's Residual cone R 770.000 OA $1,075,000 OB. $2.350,000 Oc. $5,200,000 OD. $790,000
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