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Author Question: The following data relates to the Miracle Corporation and its Toy Division.Toy Division sales ... (Read 35 times)

Pea0909berry

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The following data relates to the Miracle Corporation and its Toy Division.

Toy Division sales $8,000,000
Toy Division operating income $480,000
Toy Division total assets $2,000,000
Toy Division current liabilities $600,000
Corporate target rate of return14%
Corporate weighted average cost of capital10%
Corporate effective tax rate30%


What is the Toy Division's Return on Investment (ROI)?
◦ 6%
◦ 30%
◦ 400%
◦ 24%


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Marked as best answer by Pea0909berry on Jan 5, 2020

ryhom

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Pea0909berry

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Reply 2 on: Jan 5, 2020
:D TYSM


ashely1112

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Reply 3 on: Yesterday
Wow, this really help

 

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