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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 return is 20%.
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 20%. Its effective tax rate is 35%. Sales Operating income $6,000,000 1,200,000 2,000,000 Total assets Current liabilities 830,000 What is the division's Return on Investment (ROI)? OA. 60.00% OB. 300.00% OC. 20.00% D. 41.50%
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