Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is 30% and the weighted average cost of...

Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's<br>target rate of return is 30% and the weighted average cost of capital is 5%. Its effective tax rate is 35%.<br>Sales<br>$14,000,000<br>Operating income<br>3,500,000<br>Total assets<br>2,000,000<br>Current liabilities<br>770,000<br>What is the division's sales margin?<br>O A. 175.00%<br>O B. 25.00%<br>O C. 38.50%<br>O D. 700.00%<br>

Extracted text: Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is 30% and the weighted average cost of capital is 5%. Its effective tax rate is 35%. Sales $14,000,000 Operating income 3,500,000 Total assets 2,000,000 Current liabilities 770,000 What is the division's sales margin? O A. 175.00% O B. 25.00% O C. 38.50% O D. 700.00%

Jun 09, 2022

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Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year (in thousands). Management's target rate of return is 30% and the weighted average cost of...

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