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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Rivera Publishing reported the following results for its Trade Paperback Division:

Sales   $2,200,000
Operating income   $600,000
Total assets    $1,200,000
Current liabilities    $1,000,000

Rivera's target rate of return is 12% and the weighted average cost of capital is 10%.

What is the Trade Paperback Division's Return on Investment (ROI)?
A) 200.00%
B) 20.00%
C) 50.00%
D) 40.00%
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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bernie2981 Author
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#2
8 years ago
You're such a dedicated member, I very much appreciate the help.

Marking this solved ✓
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