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Please use the following information for the next two questions. Selected financial data for The Portland Porcelain Works Coffee Mug Division is as follows: Sales
Please use the following information for the next two questions. Selected financial data for The Portland Porcelain Works Coffee Mug Division is as follows: Sales $2,300,000 Operating income $414,000 Total assets $718.750 Current liabilities $180,000 Target rate of return 10% Weighted average cost of capital 8% 6. What is The Portland Porcelain Works Coffee Mug Division return on investment? A) 57.60% B) 320.00% C) 18.00% D) 7.83% 7. What is The Portland Porcelain Works Coffee Mug Division residual income? A) $396,000 B) $71.875 C) $356,500 D) $342,125
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