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Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is

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Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is 20% and the weighted average cost of capital is 25%. Its effective tax rate is 40%. $11,000,0 Sales 00 Operating income 1,100,000 Total assets 1,500,000 Current liabilities 790,000 What is the division's sales margin? 733.33% 73.33% 52.67% 10%

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