FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which one is the correct answer? Ringo Corporation had the following results last year (in thousands) Management's target rate of return is 15% and the

Which one is the correct answer? image text in transcribed
Ringo Corporation had the following results last year (in thousands) Management's target rate of return is 15% and the weighted average cost of capital is 10% Its effective tax rate is 35%. Sales $520,000,000 Operating income 4,000,000 Total assets 8,000,000 Current liabilities 4, 820,000 What is the division's Return on Investment (ROI)? 20.00% 500.00% 32.80% 50.00%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Basic Accounting Auditing Concepts Internal Auditing And Guiding

Basic Accounting Auditing Concepts Internal Auditing And Guiding

Authors: Bertram Bessette

1st Edition

B09PMFWVSJ, 979-8796265253

More Books

Students also viewed these Accounting questions

Question

★★★★★
A particle moving in one dimension (the x-axis) is described by the wave function where b = 2.00 m-1,A > 0, and the +x-axis points toward the right(a) Determine A so that the wave function is...

Answered: 1 week ago

Question

★★★★★
Fans-and-More, Inc. assemble controllers for ceiling fans. Exhibit 13.16 provides information on a plastic case for fan infrared controllers produced by one of their suppliers, Byannan, Inc. The...

Answered: 1 week ago

Question

★★★★★
Consider a system of n components such that the working times of component i, i = 1,..., n, are exponentially distributed with rate i . When a component fails, however, the repair rate of component i...

Answered: 1 week ago

Question

★★★★★
On March 31, 2018, Chow Brothers, Inc., bought 10% of KT Manufacturing's capital stock for $50 million. KT's net income for the year ended December 31, 2018, was $80 million. The fair value of the...

Answered: 1 week ago

Question

★★★★★
Reese, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December, she received a $11,000 bill from her accountant for consulting services related to...

Answered: 1 week ago

Question

★★★★★
A damped harmonic oscillator consists of a block of mass 5 kg and a spring with spring constant k = 9 N/m. Initially, the system oscillates with an amplitude of 33 cm. Because of the damping, the...

Answered: 1 week ago

Question

★★★★★
Required neat and clear handwritten solution with all steps. Knowing that a = 0.14 m, b = 0.54 m, c= 0.35 m and F = 3.6 kN, determine the magnitude of the force at point B. A B F KN C D bm am bm EO cm

Answered: 1 week ago

Question

★★★★★
Write a MATLAB script to visualize a 3 D plot of a parametric surface representing a spherical spiral. The parametric equations for a spherical spiral are given by: x ( ? , \ theta ) = Rsin ( ? ) cos...

Answered: 1 week ago

Question

★★★★★
What are the specific activities that could make up your project? pleaselist the activities with their information on immediate predecessor andcompletion time, in both a table, and PERT chart.

Answered: 1 week ago

Question

★★★★★
from your own experience, describe a situation in which you provided a double message. Did you intentionally provide it?

Answered: 1 week ago

Question

★★★★★
Free vibration of two rotor system The flywheel of an engine driving a dynamo has mass of 200kg and has a radius of gyration of 30cm. The shaft at the flywheel end has as an effective length of 25cm...

Answered: 1 week ago

Question

★★★★★
Determine whether a sales appeal is appropriate for each of the following situations: (Objectives 2, 4, and 5) a. You are responding to a complaint about the long lines at the checkouts in your...

Answered: 1 week ago

Question

★★★★★
Why do organizations choose to use high-quality paper for letters but not for memos? (Objective 6)

Answered: 1 week ago

Question

★★★★★
Explain where to place addressee and delivery notations on a letter and on an envelope. (Objectives 2 and 4)

Answered: 1 week ago

Previous Question Next Question