FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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↑ Assume the Hiking Shoes division of the Simply Shoes Company had the following results last year (in thousands): Management's target rate of retum is 20% and the weighted average cost of capital is 15% to effective tax 25% Sales Operating income Tal Current bes What is the division's Return on investment (RO CA 5667% ON 1.000% OC 100% OD. 30% $15,000,000 4,500,000 1,500,000 050.000
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Transcribed Image Text:↑ Assume the Hiking Shoes division of the Simply Shoes Company had the following results last year (in thousands): Management's target rate of retum is 20% and the weighted average cost of capital is 15% to effective tax 25% Sales Operating income Tal Current bes What is the division's Return on investment (RO CA 5667% ON 1.000% OC 100% OD. 30% $15,000,000 4,500,000 1,500,000 050.000
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