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Yale Corporation had the following results last year (in thousands). Management's target rate of return is 20% and the weighted average cost of capital
Yale 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 15%. Its effective tax rate is 30%. Sales Operating income Total assets Current liabilities What is the division's Return on Investment (ROI)? $25,000,000 1,000,000 2,000,000 5,670,000 A. 17.64% B. 50.00% C. 4.00% D. 200.00%
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael H. Granof, Saleha B. Khumawala
6th edition
978-1-119-4958, 9781118473047, 1118155971, 1118473043, 978-1118155974
