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Business, 05.05.2020 18:39 annsmith66

Assume the Runnng Shoes division of the 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 income1,800,000 Total assets 1,000,000 Current liabilities810,000 What is the division's Return on Investment (ROI)? (1 Point)

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