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The Jazz Division of Heights Recording Corporation reported the following results last year: Sales Operating Income Total Assets Current Liabilities $10,000,000 $2,200,000 $4,000,000 $2,500,000 Management's

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The Jazz Division of Heights Recording Corporation reported the following results last year: Sales Operating Income Total Assets Current Liabilities $10,000,000 $2,200,000 $4,000,000 $2,500,000 Management's target rate of return is 12% and the weighted average cost of capital is 9%. Its effective tax rate is 32% Calculate the ROI for the Jazz Division O A. 88% OB. 12% OC. 22% OD. 55% Did the Jazz Division eam or exceed the target rate of return? O A. Yes OB. No

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