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The Southern Division of Amelia Corporation had sales of $6,500,000 and operating income of $1,200,0

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The Southern Division of Amelia Corporation had sales of $6,500,000 and operating income of $1,200,0

The Southern Division of Amelia Corporation had sales of $6,500,000 and operating income of $1,200,000 last year. The total assets of the Southern Division were $3,000,000, while current liabilities were $450,000. Amelia Corporation's target rate of return is 10%, while its weighted average cost of capital is 6%. The effective tax rate for the company is 30%.

What is the Southern Division's Return on Investment (ROI)?
A) 40.00%
B) 6.00%
C) 200.00%
D) 25.00%

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Managerial Accounting

Edition: 4^th

Author: Braun

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