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Business, 03.03.2020 03:55 santisammy237

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 30% and the weighted average cost of capital is 10%. Its effective tax rate is 30%. Sales $ 8 comma 000 comma 000 Operating income 3 comma 600 comma 000 Total assets 2 comma 500 comma 000 Current liabilities 840 comma 000 What is the division's Return on Investment (ROI)?

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