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Author Question: The Tandem division of the Great Adventures Cycles Company had the following results last year (in ... (Read 35 times)

lbcchick

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The Tandem division of the Great Adventures Cycles Company had the following results last year (in thousands).

Sales $4,000,000
Operating income $480,000
Total assets $2,000,000
Current liabilities $300,000

Management's target rate of return is 10% and the weighted average cost of capital is  8%. Tandem's effective tax rate is 35%.


What is the Tandem division's profit margin?
◦ 24.00%
◦ 200.00%
◦ 7.50%
◦ 12.00%


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Marked as best answer by lbcchick on Jan 5, 2020

Pamela.irrgang@yahoo.com

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lbcchick

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Reply 2 on: Jan 5, 2020
Great answer, keep it coming :)


Liddy

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Reply 3 on: Yesterday
:D TYSM

 

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