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The Hum Division of the Ho Company reported the following data for last year: Net operating income $ 150,000 Interest expense $ 50,000 Tax expense
The Hum Division of the Ho Company reported the following data for last year:
| Net operating income | $ | 150,000 | |
| Interest expense | $ | 50,000 | |
| Tax expense | $ | 30,000 | |
| Stockholders' equity | $ | 200,000 | |
| Average operating assets | $ | 600,000 | |
| Minimum required rate of return | 12 | % | |
The return on investment (ROI) last year for the Hum Division was:
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Forensics Audits And Dreaming
Authors: Helgard Petrus - Coetser
1st Edition
1664260250, 978-1664260252
