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The January 2008 income statement for the television division of the Maddux Company is as follows:If this divisions invested capital is $400,000 then its return

The January 2008 income statement for the television division of the Maddux Company is as follows:If this divisions invested capital is $400,000 then its return on investment is

Sales $240,000 Operating expenses 100,000 Net operating income 140,000 Interest expense 20,000 Earnings before taxes 120,000 Tax expense (30%) 36,000 Net Income if this divisions invested capital is $400,000 then its return on investment is A 30% B 21% C 24.5% D 35% $84,000

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