Author Question: The Beverage Division of Natural Foods Corporation had sales of $4,200,000 and operating income of ... (Read 38 times)

gonzo233 · **on:** Jan 5, 2020

The Beverage Division of Natural Foods Corporation had sales of $4,200,000 and operating income of $840,000 last year. The total assets of the Beverage Division were $1,680,000, while current liabilities were $360,000. Natural Foods Corporation's target rate of return is 9%, while its weighted average cost of capital is 7%. The effective tax rate for the company is 40%.

What is the Beverage Division's Return on Investment (ROI)?
◦ 20.00%
◦ 8.57%
◦ 250.00%
◦ 50.00%

joechoochoy · **Reply #1 on:** Jan 5, 2020

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