Assume the Hiking Shoes division of the Simply Shoes Company had the following results last year (in thousands) Management's target of Sales Operating income Cument abs What is the division's Return on investment ( CA METS ON 1000% O.C. 300% O.O. 30% $15,000,000 4,500.000 1.500.000 50,000 weighted average cost of capital is 15% to effective 25%
Assume the Hiking Shoes division of the Simply Shoes Company had the following results last year (in thousands) Management's target of Sales Operating income Cument abs What is the division's Return on investment ( CA METS ON 1000% O.C. 300% O.O. 30% $15,000,000 4,500.000 1.500.000 50,000 weighted average cost of capital is 15% to effective 25%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb4eec3ca-c91f-4d4e-a6d3-5a1e49b5e479%2F85d75ee6-734f-48ae-9886-6ce90f1d00d1%2Fiqe574t_processed.jpeg&w=3840&q=75)
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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