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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
Selected financial data for The Portland Porcelain Works Coffee Mug Division is as follows:

Sales   $2,300,000
Operating income    $414,000
Total assets    $718,750
Current liabilities    $180,000
Target rate of return   10%
Weighted average cost of capital   8%

What is The Portland Porcelain Works Coffee Mug Division return on investment?
A) 18.00%
B) 7.83%
C) 320.00%
D) 57.60%
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
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nucleinuclei
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8 years ago
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bernie2981 Author
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#2
8 years ago
Wow! Thank you
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#3
3 years ago
Wow thanks
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#4
3 years ago
thank you
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