Question 19 The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands). Sales Operating Income Total assets Current liabilities $4,500,000 $675,000 $3,000,000 $250,000 Top Hat's tax rate is 40%. Management's required target rate of return is 12%. What is the Top Hat Division's Return on Investment (ROI)? 14.73% 15.00% 5.56% 24.45% Question 19 The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands). Sales Operating Income Total assets Current liabilities $4,500,000 $675,000 $3,000,000 $250,000 Top Hat's tax rate is 40%. Management's required target rate of return is 12%. What is the Top Hat Division's Return on Investment (ROI)? 14.73% 15.00% 5.56% 24.45%