Author Question: Assume the Cell Phone Division of the First Electronics Corporation had the following results last ... (Read 54 times)

Alygatorr01285 · **on:** Jan 5, 2020

Assume the Cell Phone Division of the First Electronics Corporation had the following results last year (in thousands). Management's target rate of return is 10% and the weighted average cost of capital is 7%. Its effective tax rate is 30%.

Sales	$6,000,000
Operating income	900,000
Total assets	3,000,000
Current liabilities	750,000

What is the First Electronics Corporation cell phone division's Return on Investment (ROI)?
◦ 15.00%
◦ 30.00%
◦ 25.00%
◦ 200.00%

juliaf · **Reply #1 on:** Jan 5, 2020

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