Assume the Hiking Shoes division of the Simply Shoes Company 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 30%. Sales $5,000,000 Operating income 2,000,000 Total assets 1,500,000 Current liabilities 790,000 What is the division's Retum on Investment (ROI)? 0 A. 133.33% 0 B. 333.33% 0 c. 40% O D. 52.57% Affordable Smiles mobile dentist ofce budgeted for 4,320 patient visits a year. Affordable Smiles actually saw 4,445 patients during the year and they have provided the following data: Fixed Portion for Budget Variable Portion per patient Actual Results visit for Budget Revenue $70 $406,700 Personnel Expenses $60,000 $63,000 Medical Supplies $10 $38,200 Occupancy Expenses $12,000 $1.50 $19,000 Admin Expenses $19,000 $0.50 $20,000 Based on the given information, what is the exible budget variance for personnel expenses? 0 A. $3,000 Unfavorable O B. $3,000 Favorable O C. $0 0 D. Cannot be determined The Suspenders Division of T's Fine Menswear had the following results last year. Sales $4,500,000 Operating income $675,000 Total assets $3,000,000 Current liabilities $290,000 Management's target rate of return is 15% and the weighted average cost of capital is 5%. What is the Suspenders Division's capital turnover? 0 A. 15.5 0 B. 6.7 O c. 1.5 O o. 4.4