Rivera Publishing reported the following results for its Trade Paperback Division:
Sales $2,200,000
Operating income $600,000
Total assets $1,200,000
Current liabilities $1,000,000
Rivera's target rate of return is 12% and the weighted average cost of capital is 10%.
What is the Trade Paperback Division's Return on Investment (ROI)?
A) 20.00%
B) 50.00%
C) 40.00%
D) 200.00%
B
Business
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