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Posted on May 26, 2024

Bling Jewelry reported the following results for its Engagement Ring Division: Sales Operating income Total assets Current liabilities $1,700,000 $240,000 $800,000 $700,000 Bling's target

Bling Jewelry reported the following results for its Engagement Ring Division: Sales Operating income Total assets Current liabilities $1,700,000 $240,000 $800,000 $700,000 Bling's target rate of return is 10% and the weighted average cost of capital is 9%. What is the Engagement Ring Division's Return on Investment (ROI)? A. 19.00% B. 30.00% C. 0.34% D. 3.33%

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