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Other Fields Homework Help Accounting Topic started by: bernie2981 on Nov 14, 2015



Title: The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands).
Post by: bernie2981 on Nov 14, 2015
The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands).

Sales   $4,500,000
Operating income   $675,000
Total assets    $3,000,000
Current liabilities    $250,000

Management's target rate of return is 12% and the weighted average cost of capital is 9%.

What is the Top Hat Division's Return on Investment (ROI)?
A) 5.56%
B) 15.00%
C) 22.50%
D) 150.00%


Title: Re: The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousand
Post by: nuclei on Nov 21, 2015
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Title: Re: The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands).
Post by: bernie2981 on Dec 1, 2015
Wow! Thank you