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) ?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Community health center has assembled the following data on cost and volume. calculate its average and marginal costs for volumes ranging from 25 to 40. what patterns do you see? dаta: visits total cost 20 2,200 25 2,250 30 2,300 35 2,350
Answers (1)
Barga Company purchases $38,000 of equipment on January 1, 2017. The equipment is expected to last five years and be worth $5,600 at the end of that time. Welch Company purchases $11,800 of land on January 1, 2017.
Answers (1)
Polk Software Inc. has a quick ratio of 2.00x, $32,850 in cash, $18,250 in accounts receivable, some inventory, total current assets of $73,000, and total current liabilities of $25,550.
Answers (1)
The Dew Drop Inn has Sales of $289,600, Depreciation Expense of $21,400, Interest Expense of $1,300, Net Income of $14,500, and an average tax rate of 34 percent. What is the 'Times Interest Earned ratio?' Question 20 options: 11.15 12.15 17.90 28.
Answers (1)
John, a local florist in harrisburg, wanted to invest in outdoor advertising before valentine's day. a local advertiser showed john a set of well-designed 30-sheet posters that looked very attractive and appealing.
Answers (1)
New Questions in Business
Cullumber Company has issued three different bonds during 2019. Interest is payable annually on each of these bonds. 1. On January 1, 2019, 1,000, 6%, 5-year, $1,000 bonds dated January 1, 2019, were issued at face value. 2.
Answers (1)
All of the following are true regarding deferred revenues except: They are payments received in advance of services performed. The adjusting entry for deferred revenues increases assets and increases revenues.
Answers (1)
Exercise 16-05 a-b (Video) In Waterway Company, materials are entered at the beginning of each process.
Answers (1)
Who provides on-the-spot short term loans for up to 50 percent of an item's estimated value? Choose one answer. a. pawnbroker b. credit card c. ATM d. payday loan
Answers (1)
Check My Work (1 remaining) Motor Sports, Inc., sues A-Z Speed. Motor Sports alleges that A-Z breached (failed to perform) a contract that required A-Z to sell ten Jet Skis to Motor Sports.
Answers (1)