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Selected financial data for The Portland Porcelain Works Coffee Mug Division is as follows: Sales $1,900,000 $380,000 Operating income Total assets $500,000 Current liabilities $130,000
Selected financial data for The Portland Porcelain Works Coffee Mug Division is as follows: Sales $1,900,000 $380,000 Operating income Total assets $500,000 Current liabilities $130,000 Target rate of return 13% Weighted average cost of capital 10% What is The Portland Porcelain Works Coffee Mug Division return on investment? OA. 20.00% OB. 76.00% OC. 6.84% OD. 380.00% 2
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Financial Accounting International Edition
Authors: Jeffrey Waybright, Robert Kemp
1st Edition
0137067798, 978-0137067794
