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) ?
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