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Author Question: The Hotel Division of Treasure Island Corporation had the following results last year.Sales ... (Read 39 times)

asd123

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on: Jan 5, 2020
The Hotel Division of Treasure Island Corporation had the following results last year.

Sales $15,000,000
Operating income $6,000,000
Total assets $10,000,000
Current liabilities $3,000,000

Management's target rate of return is 14% and the weighted average cost of capital is 10%. Its effective tax rate is 35%.

Required:
1.  Calculate the return on investment (ROI).
2.  Calculate the residual income.
3.  Calculate the Economic Value Added (EVA).
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by asd123 on Jan 5, 2020

Bsand8

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Reply #1 on: Jan 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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asd123

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Reply 2 on: Jan 5, 2020
Excellent

alvinum

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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