Question
Use the information below to answer the following question(s): The following data relates to the Miracle Corporation and its Toy Division. Toy Division sales $8,000,000
Use the information below to answer the following question(s): The following data relates to the Miracle Corporation and its Toy Division.
Toy Division sales $8,000,000
Toy Division operating income $480,000
Toy Division total assets $2,000,000
Toy Division current liabilities $600,000
Corporate target rate of return 14% Corporate weighted average cost of capital 10% Corporate effective tax rate 30%
What is the Toy Division's Return on Investment (ROI)?
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Auditing Integrated Concepts And Procedures
Authors: Donald H. Taylor, G. William Glezen
5th Edition
0471524239, 978-0471524236
