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The following data relates to Logan Electric and its Light Bulb Division. Light Bulb Division sales $9,000,000 Light Bulb Division operating income $720,000 Light Bulb
The following data relates to Logan Electric and its Light Bulb Division. Light Bulb Division sales $9,000,000 Light Bulb Division operating income $720,000 Light Bulb Division total assets $5,000,000 Light Bulb Division current liabilities $560,000 Corporate target rate of return 13% Corporate weighted average cost of capital 5% Corporate effective tax rate 35% What is the Light Bulb Division's Return on Investment (ROI)? 14.4% 8% 11.2% 180%
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