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Selected financial data for The Portland Porcelain Works Coffee Mug Division are as follows: Sales $2,300,000 Operating income $414,000 Total assets $718,750 Current liabilities $180,000
Selected financial data for The Portland Porcelain Works Coffee Mug Division are 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% |
What is The Portland Porcelain Works Coffee Mug Division return on investment?
| 18.00% | |
| 57.60% | |
| 7.83% | |
| 320.00% |
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The ISO 9001 14001 Or 18001 45001 Certification Audit Make It Painless Eliminate Auditors Invalid Nonconformities
Authors: Fred Dobb
1st Edition
099567857X, 978-0995678576
