Assume the Hiking Shoes division of the All About Shoes Corporation had the following results...
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Accounting
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?15% and the weighted average cost of capital is? 10%. Its effective tax rate is? 25%. Sales ?$14,000,000 Operating income ?5,600,000 Total assets ?4,000,000 Current liabilities ?750,000 What is the? division's sales? margin? A. 40% B. 18.75% c.140% D. 350%
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