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 15%. its effective tax rate is 40%. sales $6,000,000 operating income 1,800,000 total assets 1,000,000 current liabilities 810,000 what is the division's return on investment (roi)?

The division's Return on Investment (ROI) is 180%

Explanation:

The computation of the return on investment is shown below:

= (Operating income) ÷ (total assets) × 100

= ($1,800,000) ÷ ($1,000,000) × 100

= 180%

The return on investment shows a relationship between the operating income and the total assets / investment.

The other information which is given in the question is not consider in the computation part. Hence, ignored it

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explanation:

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